The typical owner-occupied home in Bala Cynwyd is worth about $640,400, 2.5 times the Pennsylvania median of $254,500 and 92% above the national median of $332,700. Owners pay a median $7,956 a year in property taxes, about 1.24% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $150,000 a year, so the median home costs 4.3 times the median income (3.3 times for Pennsylvania). 70% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Bala Cynwyd at a glance
| Bala Cynwyd | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $640,400 | $254,500 | $332,700 |
| Median property tax paid per year | $7,956 | $3,311 | $3,119 |
| Property tax as a share of value | 1.24% | 1.30% | 0.94% |
| Median household income | $150,000 | $77,971 | $80,734 |
| Homes lived in by their owners | 70% | 69% | 65% |
| Owner homes with a mortgage | 51% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,610 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.4% | 21.0% |
| Median rent | $1,886 | $1,209 | $1,413 |
| Rent as a share of renters' income | 29.2% | 29.2% | 30.6% |
| Median year homes were built | 1960 | 1965 | 1980 |
| Vacant homes | 7.8% | 9.2% | 10.1% |
| Population | 10,227 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Bala Cynwyd
At this week's average 30-year rate of 7.11%, buying the median Bala Cynwyd home of $640,400 with 20% down costs about $4,375 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,442, 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 $187,500 for the 20%-down payment. That payment is 35% of the median Bala Cynwyd household income of $150,000; at that income and 20% down, the 28% guideline points to a home of about $512,000.
The median rent here is $1,886 a month, so owning the median home costs about $2,489 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $128,080 |
|---|---|
| Loan amount | $512,320 |
| Principal and interest | $3,446 |
| Property taxes (1.24% a year) | $662 |
| Homeowners insurance (our estimate, 0.5% a year) | $267 |
| PMI | $0 |
| Total per month | $4,375 |
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| Down payment | $22,414 |
|---|---|
| Loan amount | $628,801 |
| Principal and interest | $4,230 |
| Property taxes (1.24% a year) | $662 |
| Homeowners insurance (our estimate, 0.5% a year) | $267 |
| FHA mortgage insurance | $283 |
| Total per month | $5,442 |
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Questions about home buying in Bala Cynwyd
What is the median home value in Bala Cynwyd?
About $640,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bala Cynwyd?
Homeowners pay a median $7,956 a year, which is about 1.24% 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 Bala Cynwyd?
For the median home with 20% down at 7.11%, the payment is about $4,375 a month. Keeping that under 28% of gross income takes about $187,500 a year.
More about Bala Cynwyd
- Mortgage Refinance in Bala Cynwyd
- Debt Relief in Bala Cynwyd
- Home Equity Loans in Bala Cynwyd
- 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