The typical owner-occupied home in Wells Tannery is worth about $117,500, 54% below the Pennsylvania median of $254,500 and 65% below the national median of $332,700. Owners pay a median $2,268 a year in property taxes, about 1.93% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $47,250 a year, so the median home costs 2.5 times the median income (3.3 times for Pennsylvania). 100% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Wells Tannery at a glance
| Wells Tannery | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $117,500 | $254,500 | $332,700 |
| Median property tax paid per year | $2,268 | $3,311 | $3,119 |
| Property tax as a share of value | 1.93% | 1.30% | 0.94% |
| Median household income | $47,250 | $77,971 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 39% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,346 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.4% | 21.0% |
| Median rent | – | $1,209 | $1,413 |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 101 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Wells Tannery
At this week's average 30-year rate of 7.11%, buying the median Wells Tannery home of $117,500 with 20% down costs about $870 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,066, 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 $37,298 for the 20%-down payment. That payment is 22% of the median Wells Tannery household income of $47,250; at that income and 20% down, the 28% guideline points to a home of about $149,000.
| Down payment | $23,500 |
|---|---|
| Loan amount | $94,000 |
| Principal and interest | $632 |
| Property taxes (1.93% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $870 |
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| Down payment | $4,112 |
|---|---|
| Loan amount | $115,372 |
| Principal and interest | $776 |
| Property taxes (1.93% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $1,066 |
Change the numbers in the calculator
Questions about home buying in Wells Tannery
What is the median home value in Wells Tannery?
About $117,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wells Tannery?
Homeowners pay a median $2,268 a year, which is about 1.93% 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 Wells Tannery?
For the median home with 20% down at 7.11%, the payment is about $870 a month. Keeping that under 28% of gross income takes about $37,298 a year.
More about Wells Tannery
- Mortgage Refinance in Wells Tannery
- Debt Relief in Wells Tannery
- Home Equity Loans in Wells Tannery
- 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