The typical owner-occupied home in Meyersdale is worth about $103,800, 59% below the Pennsylvania median of $254,500 and 69% below the national median of $332,700. Owners pay a median $918 a year in property taxes, about 0.88% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $65,772 a year, so the median home costs 1.6 times the median income (3.3 times for Pennsylvania). 70% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Meyersdale at a glance
| Meyersdale | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $103,800 | $254,500 | $332,700 |
| Median property tax paid per year | $918 | $3,311 | $3,119 |
| Property tax as a share of value | 0.88% | 1.30% | 0.94% |
| Median household income | $65,772 | $77,971 | $80,734 |
| Homes lived in by their owners | 70% | 69% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,031 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 19.4% | 21.0% |
| Median rent | $731 | $1,209 | $1,413 |
| Rent as a share of renters' income | 25.1% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 15.7% | 9.2% | 10.1% |
| Population | 2,103 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Meyersdale
At this week's average 30-year rate of 7.11%, buying the median Meyersdale home of $103,800 with 20% down costs about $678 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $851, 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 $29,057 for the 20%-down payment. That payment is 12% of the median Meyersdale household income of $65,772; at that income and 20% down, the 28% guideline points to a home of about $235,000.
The median rent here is $731 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,760 |
|---|---|
| Loan amount | $83,040 |
| Principal and interest | $559 |
| Property taxes (0.88% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $678 |
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| Down payment | $3,633 |
|---|---|
| Loan amount | $101,920 |
| Principal and interest | $686 |
| Property taxes (0.88% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $851 |
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Questions about home buying in Meyersdale
What is the median home value in Meyersdale?
About $103,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Meyersdale?
Homeowners pay a median $918 a year, which is about 0.88% 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 Meyersdale?
For the median home with 20% down at 7.11%, the payment is about $678 a month. Keeping that under 28% of gross income takes about $29,057 a year.
More about Meyersdale
- Mortgage Refinance in Meyersdale
- Debt Relief in Meyersdale
- Home Equity Loans in Meyersdale
- 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