The typical owner-occupied home in Myerstown is worth about $186,300, 27% below the Pennsylvania median of $254,500 and 44% below the national median of $332,700. Owners pay a median $2,811 a year in property taxes, about 1.51% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $59,057 a year, so the median home costs 3.2 times the median income (3.3 times for Pennsylvania). 52% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Myerstown at a glance
| Myerstown | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $186,300 | $254,500 | $332,700 |
| Median property tax paid per year | $2,811 | $3,311 | $3,119 |
| Property tax as a share of value | 1.51% | 1.30% | 0.94% |
| Median household income | $59,057 | $77,971 | $80,734 |
| Homes lived in by their owners | 52% | 69% | 65% |
| Owner homes with a mortgage | 62% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,473 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 19.4% | 21.0% |
| Median rent | $1,221 | $1,209 | $1,413 |
| Rent as a share of renters' income | 36.2% | 29.2% | 30.6% |
| Median year homes were built | 1942 | 1965 | 1980 |
| Vacant homes | 7.5% | 9.2% | 10.1% |
| Population | 3,124 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Myerstown
At this week's average 30-year rate of 7.11%, buying the median Myerstown home of $186,300 with 20% down costs about $1,315 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,625, 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 $56,342 for the 20%-down payment. That payment is 27% of the median Myerstown household income of $59,057; at that income and 20% down, the 28% guideline points to a home of about $195,000.
The median rent here is $1,221 a month, so owning the median home costs about $94 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,260 |
|---|---|
| Loan amount | $149,040 |
| Principal and interest | $1,003 |
| Property taxes (1.51% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,315 |
Change the numbers in the calculator
| Down payment | $6,520 |
|---|---|
| Loan amount | $182,926 |
| Principal and interest | $1,231 |
| Property taxes (1.51% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $82 |
| Total per month | $1,625 |
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Questions about home buying in Myerstown
What is the median home value in Myerstown?
About $186,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Myerstown?
Homeowners pay a median $2,811 a year, which is about 1.51% 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 Myerstown?
For the median home with 20% down at 7.11%, the payment is about $1,315 a month. Keeping that under 28% of gross income takes about $56,342 a year.
More about Myerstown
- Mortgage Refinance in Myerstown
- Debt Relief in Myerstown
- Home Equity Loans in Myerstown
- 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