The typical owner-occupied home in Riceville is worth about $95,400, 63% below the Pennsylvania median of $254,500 and 71% below the national median of $332,700. Owners pay a median $850 a year in property taxes, about 0.89% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $54,028 a year, so the median home costs 1.8 times the median income (3.3 times for Pennsylvania). 100% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Riceville at a glance
| Riceville | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $95,400 | $254,500 | $332,700 |
| Median property tax paid per year | $850 | $3,311 | $3,119 |
| Property tax as a share of value | 0.89% | 1.30% | 0.94% |
| Median household income | $54,028 | $77,971 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 17% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,762 | $1,963 |
| Median rent | – | $1,209 | $1,413 |
| Median year homes were built | 1973 | 1965 | 1980 |
| Vacant homes | 23.3% | 9.2% | 10.1% |
| Population | 60 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Riceville
At this week's average 30-year rate of 7.11%, buying the median Riceville home of $95,400 with 20% down costs about $624 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $783, 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 $26,739 for the 20%-down payment. That payment is 14% of the median Riceville household income of $54,028; at that income and 20% down, the 28% guideline points to a home of about $193,000.
| Down payment | $19,080 |
|---|---|
| Loan amount | $76,320 |
| Principal and interest | $513 |
| Property taxes (0.89% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $624 |
Change the numbers in the calculator
| Down payment | $3,339 |
|---|---|
| Loan amount | $93,672 |
| Principal and interest | $630 |
| Property taxes (0.89% a year) | $71 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $783 |
Change the numbers in the calculator
Questions about home buying in Riceville
What is the median home value in Riceville?
About $95,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Riceville?
Homeowners pay a median $850 a year, which is about 0.89% 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 Riceville?
For the median home with 20% down at 7.11%, the payment is about $624 a month. Keeping that under 28% of gross income takes about $26,739 a year.
More about Riceville
- Mortgage Refinance in Riceville
- Debt Relief in Riceville
- Home Equity Loans in Riceville
- 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