The typical owner-occupied home in Mont Clare is worth about $339,400, 33% above the Pennsylvania median of $254,500 and about the same as the national median of $332,700. Owners pay a median $4,490 a year in property taxes, about 1.32% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $91,397 a year, so the median home costs 3.7 times the median income (3.3 times for Pennsylvania). 59% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Mont Clare at a glance
| Mont Clare | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $339,400 | $254,500 | $332,700 |
| Median property tax paid per year | $4,490 | $3,311 | $3,119 |
| Property tax as a share of value | 1.32% | 1.30% | 0.94% |
| Median household income | $91,397 | $77,971 | $80,734 |
| Homes lived in by their owners | 59% | 69% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,241 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.4% | 21.0% |
| Median rent | $2,297 | $1,209 | $1,413 |
| Rent as a share of renters' income | 29.7% | 29.2% | 30.6% |
| Median year homes were built | 1958 | 1965 | 1980 |
| Vacant homes | 3.9% | 9.2% | 10.1% |
| Population | 2,313 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Mont Clare
At this week's average 30-year rate of 7.11%, buying the median Mont Clare home of $339,400 with 20% down costs about $2,341 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,907, 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 $100,341 for the 20%-down payment. That payment is 31% of the median Mont Clare household income of $91,397; at that income and 20% down, the 28% guideline points to a home of about $309,000.
The median rent here is $2,297 a month, so owning the median home costs about $44 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,880 |
|---|---|
| Loan amount | $271,520 |
| Principal and interest | $1,827 |
| Property taxes (1.32% a year) | $373 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,341 |
Change the numbers in the calculator
| Down payment | $11,879 |
|---|---|
| Loan amount | $333,253 |
| Principal and interest | $2,242 |
| Property taxes (1.32% a year) | $373 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $150 |
| Total per month | $2,907 |
Change the numbers in the calculator
Questions about home buying in Mont Clare
What is the median home value in Mont Clare?
About $339,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mont Clare?
Homeowners pay a median $4,490 a year, which is about 1.32% 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 Mont Clare?
For the median home with 20% down at 7.11%, the payment is about $2,341 a month. Keeping that under 28% of gross income takes about $100,341 a year.
More about Mont Clare
- Mortgage Refinance in Mont Clare
- Debt Relief in Mont Clare
- Home Equity Loans in Mont Clare
- 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