The typical owner-occupied home in Renovo is worth about $59,200, 77% below the Pennsylvania median of $254,500 and 82% below the national median of $332,700. Owners pay a median $847 a year in property taxes, about 1.43% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $27,716 a year, so the median home costs 2.1 times the median income (3.3 times for Pennsylvania). 39% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Renovo at a glance
| Renovo | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $59,200 | $254,500 | $332,700 |
| Median property tax paid per year | $847 | $3,311 | $3,119 |
| Property tax as a share of value | 1.43% | 1.30% | 0.94% |
| Median household income | $27,716 | $77,971 | $80,734 |
| Homes lived in by their owners | 39% | 69% | 65% |
| Owner homes with a mortgage | 37% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 19.4% | 21.0% |
| Median rent | $682 | $1,209 | $1,413 |
| Rent as a share of renters' income | 28.9% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 23.3% | 9.2% | 10.1% |
| Population | 1,045 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Renovo
At this week's average 30-year rate of 7.11%, buying the median Renovo home of $59,200 with 20% down costs about $414 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $512, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $17,734 for the 20%-down payment. That payment is 18% of the median Renovo household income of $27,716; at that income and 20% down, the 28% guideline points to a home of about $93,000.
The median rent here is $682 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,840 |
|---|---|
| Loan amount | $47,360 |
| Principal and interest | $319 |
| Property taxes (1.43% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $414 |
Change the numbers in the calculator
| Down payment | $2,072 |
|---|---|
| Loan amount | $58,128 |
| Principal and interest | $391 |
| Property taxes (1.43% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $26 |
| Total per month | $512 |
Change the numbers in the calculator
Questions about home buying in Renovo
What is the median home value in Renovo?
About $59,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Renovo?
Homeowners pay a median $847 a year, which is about 1.43% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Renovo?
For the median home with 20% down at 7.11%, the payment is about $414 a month. Keeping that under 28% of gross income takes about $17,734 a year.
More about Renovo
- Mortgage Refinance in Renovo
- Debt Relief in Renovo
- Home Equity Loans in Renovo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data