The typical owner-occupied home in Media is worth about $467,800, 84% above the Pennsylvania median of $254,500 and 41% above the national median of $332,700. Owners pay a median $5,846 a year in property taxes, about 1.25% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $89,092 a year, so the median home costs 5.3 times the median income (3.3 times for Pennsylvania). 42% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Media at a glance
| Media | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $467,800 | $254,500 | $332,700 |
| Median property tax paid per year | $5,846 | $3,311 | $3,119 |
| Property tax as a share of value | 1.25% | 1.30% | 0.94% |
| Median household income | $89,092 | $77,971 | $80,734 |
| Homes lived in by their owners | 42% | 69% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,561 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 19.4% | 21.0% |
| Median rent | $1,411 | $1,209 | $1,413 |
| Rent as a share of renters' income | 23.9% | 29.2% | 30.6% |
| Median year homes were built | 1959 | 1965 | 1980 |
| Vacant homes | 1.8% | 9.2% | 10.1% |
| Population | 5,870 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Media
At this week's average 30-year rate of 7.11%, buying the median Media home of $467,800 with 20% down costs about $3,200 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,979, 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 $137,132 for the 20%-down payment. That payment is 43% of the median Media household income of $89,092; at that income and 20% down, the 28% guideline points to a home of about $304,000.
The median rent here is $1,411 a month, so owning the median home costs about $1,789 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $93,560 |
|---|---|
| Loan amount | $374,240 |
| Principal and interest | $2,518 |
| Property taxes (1.25% a year) | $487 |
| Homeowners insurance (our estimate, 0.5% a year) | $195 |
| PMI | $0 |
| Total per month | $3,200 |
Change the numbers in the calculator
| Down payment | $16,373 |
|---|---|
| Loan amount | $459,327 |
| Principal and interest | $3,090 |
| Property taxes (1.25% a year) | $487 |
| Homeowners insurance (our estimate, 0.5% a year) | $195 |
| FHA mortgage insurance | $207 |
| Total per month | $3,979 |
Change the numbers in the calculator
Questions about home buying in Media
What is the median home value in Media?
About $467,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Media?
Homeowners pay a median $5,846 a year, which is about 1.25% 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 Media?
For the median home with 20% down at 7.11%, the payment is about $3,200 a month. Keeping that under 28% of gross income takes about $137,132 a year.
More about Media
- Mortgage Refinance in Media
- Debt Relief in Media
- Home Equity Loans in Media
- 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