The typical owner-occupied home in Burnham is worth about $141,200, 45% below the Pennsylvania median of $254,500 and 58% below the national median of $332,700. Owners pay a median $1,827 a year in property taxes, about 1.29% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $67,656 a year, so the median home costs 2.1 times the median income (3.3 times for Pennsylvania). 74% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Burnham at a glance
| Burnham | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $141,200 | $254,500 | $332,700 |
| Median property tax paid per year | $1,827 | $3,311 | $3,119 |
| Property tax as a share of value | 1.29% | 1.30% | 0.94% |
| Median household income | $67,656 | $77,971 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,177 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 19.4% | 21.0% |
| Median rent | $776 | $1,209 | $1,413 |
| Rent as a share of renters' income | 23.6% | 29.2% | 30.6% |
| Median year homes were built | 1952 | 1965 | 1980 |
| Vacant homes | 12.7% | 9.2% | 10.1% |
| Population | 1,744 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Burnham
At this week's average 30-year rate of 7.11%, buying the median Burnham home of $141,200 with 20% down costs about $971 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,206, 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 $41,593 for the 20%-down payment. That payment is 17% of the median Burnham household income of $67,656; at that income and 20% down, the 28% guideline points to a home of about $230,000.
The median rent here is $776 a month, so owning the median home costs about $195 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,240 |
|---|---|
| Loan amount | $112,960 |
| Principal and interest | $760 |
| Property taxes (1.29% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $971 |
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| Down payment | $4,942 |
|---|---|
| Loan amount | $138,643 |
| Principal and interest | $933 |
| Property taxes (1.29% a year) | $152 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $62 |
| Total per month | $1,206 |
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Questions about home buying in Burnham
What is the median home value in Burnham?
About $141,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burnham?
Homeowners pay a median $1,827 a year, which is about 1.29% 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 Burnham?
For the median home with 20% down at 7.11%, the payment is about $971 a month. Keeping that under 28% of gross income takes about $41,593 a year.
More about Burnham
- Mortgage Refinance in Burnham
- Debt Relief in Burnham
- Home Equity Loans in Burnham
- 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