The typical owner-occupied home in Shippensburg is worth about $177,700, 30% below the Pennsylvania median of $254,500 and 47% below the national median of $332,700. Owners pay a median $2,433 a year in property taxes, about 1.37% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $51,503 a year, so the median home costs 3.5 times the median income (3.3 times for Pennsylvania). 44% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Shippensburg at a glance
| Shippensburg | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $177,700 | $254,500 | $332,700 |
| Median property tax paid per year | $2,433 | $3,311 | $3,119 |
| Property tax as a share of value | 1.37% | 1.30% | 0.94% |
| Median household income | $51,503 | $77,971 | $80,734 |
| Homes lived in by their owners | 44% | 69% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,298 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 19.4% | 21.0% |
| Median rent | $891 | $1,209 | $1,413 |
| Rent as a share of renters' income | 24.1% | 29.2% | 30.6% |
| Median year homes were built | 1953 | 1965 | 1980 |
| Vacant homes | 4.9% | 9.2% | 10.1% |
| Population | 5,620 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Shippensburg
At this week's average 30-year rate of 7.11%, buying the median Shippensburg home of $177,700 with 20% down costs about $1,233 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,529, 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 $52,853 for the 20%-down payment. That payment is 29% of the median Shippensburg household income of $51,503; at that income and 20% down, the 28% guideline points to a home of about $173,000.
The median rent here is $891 a month, so owning the median home costs about $342 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,540 |
|---|---|
| Loan amount | $142,160 |
| Principal and interest | $956 |
| Property taxes (1.37% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,233 |
Change the numbers in the calculator
| Down payment | $6,220 |
|---|---|
| Loan amount | $174,481 |
| Principal and interest | $1,174 |
| Property taxes (1.37% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $79 |
| Total per month | $1,529 |
Change the numbers in the calculator
Questions about home buying in Shippensburg
What is the median home value in Shippensburg?
About $177,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shippensburg?
Homeowners pay a median $2,433 a year, which is about 1.37% 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 Shippensburg?
For the median home with 20% down at 7.11%, the payment is about $1,233 a month. Keeping that under 28% of gross income takes about $52,853 a year.
More about Shippensburg
- Mortgage Refinance in Shippensburg
- Debt Relief in Shippensburg
- Home Equity Loans in Shippensburg
- 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