The typical owner-occupied home in Ridley Park is worth about $281,700, 11% above the Pennsylvania median of $254,500 and 15% below the national median of $332,700. Owners pay a median $7,053 a year in property taxes, about 2.50% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $93,594 a year, so the median home costs 3.0 times the median income (3.3 times for Pennsylvania). 64% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Ridley Park at a glance
| Ridley Park | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $281,700 | $254,500 | $332,700 |
| Median property tax paid per year | $7,053 | $3,311 | $3,119 |
| Property tax as a share of value | 2.50% | 1.30% | 0.94% |
| Median household income | $93,594 | $77,971 | $80,734 |
| Homes lived in by their owners | 64% | 69% | 65% |
| Owner homes with a mortgage | 62% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,128 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.4% | 21.0% |
| Median rent | $1,350 | $1,209 | $1,413 |
| Rent as a share of renters' income | 28.0% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 4.5% | 9.2% | 10.1% |
| Population | 7,261 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Ridley Park
At this week's average 30-year rate of 7.11%, buying the median Ridley Park home of $281,700 with 20% down costs about $2,220 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,690, 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 $95,154 for the 20%-down payment. That payment is 28% of the median Ridley Park household income of $93,594; at that income and 20% down, the 28% guideline points to a home of about $277,000.
The median rent here is $1,350 a month, so owning the median home costs about $870 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,340 |
|---|---|
| Loan amount | $225,360 |
| Principal and interest | $1,516 |
| Property taxes (2.50% a year) | $587 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| PMI | $0 |
| Total per month | $2,220 |
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| Down payment | $9,860 |
|---|---|
| Loan amount | $276,598 |
| Principal and interest | $1,861 |
| Property taxes (2.50% a year) | $587 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| FHA mortgage insurance | $125 |
| Total per month | $2,690 |
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Questions about home buying in Ridley Park
What is the median home value in Ridley Park?
About $281,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ridley Park?
Homeowners pay a median $7,053 a year, which is about 2.50% 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 Ridley Park?
For the median home with 20% down at 7.11%, the payment is about $2,220 a month. Keeping that under 28% of gross income takes about $95,154 a year.
More about Ridley Park
- Mortgage Refinance in Ridley Park
- Debt Relief in Ridley Park
- Home Equity Loans in Ridley Park
- 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