The typical owner-occupied home in Mount Gretna is worth about $384,900, 51% above the Pennsylvania median of $254,500 and 16% above the national median of $332,700. Owners pay a median $5,740 a year in property taxes, about 1.49% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $113,500 a year, so the median home costs 3.4 times the median income (3.3 times for Pennsylvania). 87% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Mount Gretna at a glance
| Mount Gretna | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $384,900 | $254,500 | $332,700 |
| Median property tax paid per year | $5,740 | $3,311 | $3,119 |
| Property tax as a share of value | 1.49% | 1.30% | 0.94% |
| Median household income | $113,500 | $77,971 | $80,734 |
| Homes lived in by their owners | 87% | 69% | 65% |
| Owner homes with a mortgage | 64% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,130 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 23.9% | 19.4% | 21.0% |
| Median rent | – | $1,209 | $1,413 |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 43.3% | 9.2% | 10.1% |
| Population | 208 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Mount Gretna
At this week's average 30-year rate of 7.11%, buying the median Mount Gretna home of $384,900 with 20% down costs about $2,710 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,351, 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 $116,130 for the 20%-down payment. That payment is 29% of the median Mount Gretna household income of $113,500; at that income and 20% down, the 28% guideline points to a home of about $376,000.
| Down payment | $76,980 |
|---|---|
| Loan amount | $307,920 |
| Principal and interest | $2,071 |
| Property taxes (1.49% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $2,710 |
Change the numbers in the calculator
| Down payment | $13,472 |
|---|---|
| Loan amount | $377,928 |
| Principal and interest | $2,542 |
| Property taxes (1.49% a year) | $478 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $170 |
| Total per month | $3,351 |
Change the numbers in the calculator
Questions about home buying in Mount Gretna
What is the median home value in Mount Gretna?
About $384,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Gretna?
Homeowners pay a median $5,740 a year, which is about 1.49% 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 Mount Gretna?
For the median home with 20% down at 7.11%, the payment is about $2,710 a month. Keeping that under 28% of gross income takes about $116,130 a year.
More about Mount Gretna
- Mortgage Refinance in Mount Gretna
- Debt Relief in Mount Gretna
- Home Equity Loans in Mount Gretna
- 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