The typical owner-occupied home in McKean County is worth about $104,500, 59% below the Pennsylvania median of $254,500 and 69% below the national median of $332,700. Owners pay a median $1,660 a year in property taxes, about 1.59% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $62,905 a year, so the median home costs 1.7 times the median income (3.3 times for Pennsylvania). 78% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
McKean County at a glance
| McKean County | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $104,500 | $254,500 | $332,700 |
| Median property tax paid per year | $1,660 | $3,311 | $3,119 |
| Property tax as a share of value | 1.59% | 1.30% | 0.94% |
| Median household income | $62,905 | $77,971 | $80,734 |
| Homes lived in by their owners | 78% | 69% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,146 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 19.4% | 21.0% |
| Median rent | $809 | $1,209 | $1,413 |
| Rent as a share of renters' income | 26.9% | 29.2% | 30.6% |
| Median year homes were built | 1953 | 1965 | 1980 |
| Vacant homes | 15.9% | 9.2% | 10.1% |
| Population | 39,904 | 13,018,639 | 334,922,499 |
What a typical home costs per month in McKean County
At this week's average 30-year rate of 7.11%, buying the median McKean County home of $104,500 with 20% down costs about $744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $918, 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 $31,902 for the 20%-down payment. That payment is 14% of the median McKean County household income of $62,905; at that income and 20% down, the 28% guideline points to a home of about $206,000.
The median rent here is $809 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,900 |
|---|---|
| Loan amount | $83,600 |
| Principal and interest | $562 |
| Property taxes (1.59% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $744 |
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| Down payment | $3,658 |
|---|---|
| Loan amount | $102,607 |
| Principal and interest | $690 |
| Property taxes (1.59% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $918 |
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Questions about home buying in McKean County
What is the median home value in McKean County?
About $104,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in McKean County?
Homeowners pay a median $1,660 a year, which is about 1.59% 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 McKean County?
For the median home with 20% down at 7.11%, the payment is about $744 a month. Keeping that under 28% of gross income takes about $31,902 a year.
More about McKean County
- Mortgage Refinance in McKean County
- Debt Relief in McKean County
- Home Equity Loans in McKean County
- 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