The typical owner-occupied home in Reedsville is worth about $66,400, 74% below the Pennsylvania median of $254,500 and 80% below the national median of $332,700. Owners pay a median $1,481 a year in property taxes, about 2.23% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $124,432 a year, so the median home costs 0.5 times the median income (3.3 times for Pennsylvania). 77% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Reedsville at a glance
| Reedsville | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $66,400 | $254,500 | $332,700 |
| Median property tax paid per year | $1,481 | $3,311 | $3,119 |
| Property tax as a share of value | 2.23% | 1.30% | 0.94% |
| Median household income | $124,432 | $77,971 | $80,734 |
| Homes lived in by their owners | 77% | 69% | 65% |
| Owner homes with a mortgage | 70% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,553 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 12.1% | 19.4% | 21.0% |
| Median rent | $774 | $1,209 | $1,413 |
| Rent as a share of renters' income | 18.6% | 29.2% | 30.6% |
| Median year homes were built | 1955 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 872 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Reedsville
At this week's average 30-year rate of 7.11%, buying the median Reedsville home of $66,400 with 20% down costs about $508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $619, 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 $21,789 for the 20%-down payment. That payment is 5% of the median Reedsville household income of $124,432; at that income and 20% down, the 28% guideline points to a home of about $379,000.
The median rent here is $774 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,280 |
|---|---|
| Loan amount | $53,120 |
| Principal and interest | $357 |
| Property taxes (2.23% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $508 |
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| Down payment | $2,324 |
|---|---|
| Loan amount | $65,197 |
| Principal and interest | $439 |
| Property taxes (2.23% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $29 |
| Total per month | $619 |
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Questions about home buying in Reedsville
What is the median home value in Reedsville?
About $66,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Reedsville?
Homeowners pay a median $1,481 a year, which is about 2.23% 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 Reedsville?
For the median home with 20% down at 7.11%, the payment is about $508 a month. Keeping that under 28% of gross income takes about $21,789 a year.
More about Reedsville
- Mortgage Refinance in Reedsville
- Debt Relief in Reedsville
- Home Equity Loans in Reedsville
- 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