The typical owner-occupied home in Delaware Water Gap is worth about $300,000, 18% above the Pennsylvania median of $254,500 and 10% below the national median of $332,700. Owners pay a median $4,864 a year in property taxes, about 1.62% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $95,313 a year, so the median home costs 3.1 times the median income (3.3 times for Pennsylvania). 62% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Delaware Water Gap at a glance
| Delaware Water Gap | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $300,000 | $254,500 | $332,700 |
| Median property tax paid per year | $4,864 | $3,311 | $3,119 |
| Property tax as a share of value | 1.62% | 1.30% | 0.94% |
| Median household income | $95,313 | $77,971 | $80,734 |
| Homes lived in by their owners | 62% | 69% | 65% |
| Owner homes with a mortgage | 50% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,672 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.4% | 21.0% |
| Median rent | $1,294 | $1,209 | $1,413 |
| Rent as a share of renters' income | 30.4% | 29.2% | 30.6% |
| Median year homes were built | 1947 | 1965 | 1980 |
| Vacant homes | 9.5% | 9.2% | 10.1% |
| Population | 738 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Delaware Water Gap
At this week's average 30-year rate of 7.11%, buying the median Delaware Water Gap home of $300,000 with 20% down costs about $2,144 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,644, 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 $91,907 for the 20%-down payment. That payment is 27% of the median Delaware Water Gap household income of $95,313; at that income and 20% down, the 28% guideline points to a home of about $311,000.
The median rent here is $1,294 a month, so owning the median home costs about $850 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $60,000 |
|---|---|
| Loan amount | $240,000 |
| Principal and interest | $1,614 |
| Property taxes (1.62% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| PMI | $0 |
| Total per month | $2,144 |
Change the numbers in the calculator
| Down payment | $10,500 |
|---|---|
| Loan amount | $294,566 |
| Principal and interest | $1,982 |
| Property taxes (1.62% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $125 |
| FHA mortgage insurance | $133 |
| Total per month | $2,644 |
Change the numbers in the calculator
Questions about home buying in Delaware Water Gap
What is the median home value in Delaware Water Gap?
About $300,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delaware Water Gap?
Homeowners pay a median $4,864 a year, which is about 1.62% 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 Delaware Water Gap?
For the median home with 20% down at 7.11%, the payment is about $2,144 a month. Keeping that under 28% of gross income takes about $91,907 a year.
More about Delaware Water Gap
- Mortgage Refinance in Delaware Water Gap
- Debt Relief in Delaware Water Gap
- Home Equity Loans in Delaware Water Gap
- 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