The typical owner-occupied home in Central City is worth about $67,400, 74% below the Pennsylvania median of $254,500 and 80% below the national median of $332,700. Owners pay a median $949 a year in property taxes, about 1.41% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $47,813 a year, so the median home costs 1.4 times the median income (3.3 times for Pennsylvania). 89% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Central City at a glance
| Central City | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $67,400 | $254,500 | $332,700 |
| Median property tax paid per year | $949 | $3,311 | $3,119 |
| Property tax as a share of value | 1.41% | 1.30% | 0.94% |
| Median household income | $47,813 | $77,971 | $80,734 |
| Homes lived in by their owners | 89% | 69% | 65% |
| Owner homes with a mortgage | 38% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $935 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 19.4% | 21.0% |
| Median rent | $550 | $1,209 | $1,413 |
| Rent as a share of renters' income | 30.0% | 29.2% | 30.6% |
| Median year homes were built | 1945 | 1965 | 1980 |
| Vacant homes | 18.1% | 9.2% | 10.1% |
| Population | 1,105 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Central City
At this week's average 30-year rate of 7.11%, buying the median Central City home of $67,400 with 20% down costs about $470 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $582, 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 $20,143 for the 20%-down payment. That payment is 12% of the median Central City household income of $47,813; at that income and 20% down, the 28% guideline points to a home of about $160,000.
The median rent here is $550 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,480 |
|---|---|
| Loan amount | $53,920 |
| Principal and interest | $363 |
| Property taxes (1.41% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $470 |
Change the numbers in the calculator
| Down payment | $2,359 |
|---|---|
| Loan amount | $66,179 |
| Principal and interest | $445 |
| Property taxes (1.41% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $582 |
Change the numbers in the calculator
Questions about home buying in Central City
What is the median home value in Central City?
About $67,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Central City?
Homeowners pay a median $949 a year, which is about 1.41% 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 Central City?
For the median home with 20% down at 7.11%, the payment is about $470 a month. Keeping that under 28% of gross income takes about $20,143 a year.
More about Central City
- Mortgage Refinance in Central City
- Debt Relief in Central City
- Home Equity Loans in Central City
- 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