The typical owner-occupied home in Carbondale is worth about $132,200, 48% below the Pennsylvania median of $254,500 and 60% below the national median of $332,700. Owners pay a median $2,293 a year in property taxes, about 1.73% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $47,716 a year, so the median home costs 2.8 times the median income (3.3 times for Pennsylvania). 51% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Carbondale at a glance
| Carbondale | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $132,200 | $254,500 | $332,700 |
| Median property tax paid per year | $2,293 | $3,311 | $3,119 |
| Property tax as a share of value | 1.73% | 1.30% | 0.94% |
| Median household income | $47,716 | $77,971 | $80,734 |
| Homes lived in by their owners | 51% | 69% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,183 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 15.4% | 19.4% | 21.0% |
| Median rent | $660 | $1,209 | $1,413 |
| Rent as a share of renters' income | 31.1% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 11.2% | 9.2% | 10.1% |
| Population | 8,789 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Carbondale
At this week's average 30-year rate of 7.11%, buying the median Carbondale home of $132,200 with 20% down costs about $957 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,177, 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 $41,019 for the 20%-down payment. That payment is 24% of the median Carbondale household income of $47,716; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $660 a month, so owning the median home costs about $297 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,440 |
|---|---|
| Loan amount | $105,760 |
| Principal and interest | $711 |
| Property taxes (1.73% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $957 |
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| Down payment | $4,627 |
|---|---|
| Loan amount | $129,806 |
| Principal and interest | $873 |
| Property taxes (1.73% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,177 |
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Questions about home buying in Carbondale
What is the median home value in Carbondale?
About $132,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carbondale?
Homeowners pay a median $2,293 a year, which is about 1.73% 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 Carbondale?
For the median home with 20% down at 7.11%, the payment is about $957 a month. Keeping that under 28% of gross income takes about $41,019 a year.
More about Carbondale
- Mortgage Refinance in Carbondale
- Debt Relief in Carbondale
- Home Equity Loans in Carbondale
- 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