The typical owner-occupied home in Gratz is worth about $147,300, 42% below the Pennsylvania median of $254,500 and 56% below the national median of $332,700. Owners pay a median $1,528 a year in property taxes, about 1.04% of their home's value, lower than the Pennsylvania rate of 1.30%. 39% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Gratz at a glance
| Gratz | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $147,300 | $254,500 | $332,700 |
| Median property tax paid per year | $1,528 | $3,311 | $3,119 |
| Property tax as a share of value | 1.04% | 1.30% | 0.94% |
| Median household income | – | $77,971 | $80,734 |
| Homes lived in by their owners | 39% | 69% | 65% |
| Owner homes with a mortgage | 44% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,296 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 19.4% | 21.0% |
| Median rent | $768 | $1,209 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 5.6% | 9.2% | 10.1% |
| Population | 745 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Gratz
At this week's average 30-year rate of 7.11%, buying the median Gratz home of $147,300 with 20% down costs about $982 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,227, 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 $42,075 for the 20%-down payment.
The median rent here is $768 a month, so owning the median home costs about $214 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,460 |
|---|---|
| Loan amount | $117,840 |
| Principal and interest | $793 |
| Property taxes (1.04% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $982 |
Change the numbers in the calculator
| Down payment | $5,156 |
|---|---|
| Loan amount | $144,632 |
| Principal and interest | $973 |
| Property taxes (1.04% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $65 |
| Total per month | $1,227 |
Change the numbers in the calculator
Questions about home buying in Gratz
What is the median home value in Gratz?
About $147,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gratz?
Homeowners pay a median $1,528 a year, which is about 1.04% 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 Gratz?
For the median home with 20% down at 7.11%, the payment is about $982 a month. Keeping that under 28% of gross income takes about $42,075 a year.
More about Gratz
- Mortgage Refinance in Gratz
- Debt Relief in Gratz
- Home Equity Loans in Gratz
- 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