The typical owner-occupied home in Rockwood is worth about $90,600, 64% below the Pennsylvania median of $254,500 and 73% below the national median of $332,700. Owners pay a median $700 a year in property taxes, about 0.77% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $52,000 a year, so the median home costs 1.7 times the median income (3.3 times for Pennsylvania). 66% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Rockwood at a glance
| Rockwood | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $90,600 | $254,500 | $332,700 |
| Median property tax paid per year | $700 | $3,311 | $3,119 |
| Property tax as a share of value | 0.77% | 1.30% | 0.94% |
| Median household income | $52,000 | $77,971 | $80,734 |
| Homes lived in by their owners | 66% | 69% | 65% |
| Owner homes with a mortgage | 42% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 14.9% | 19.4% | 21.0% |
| Median rent | $625 | $1,209 | $1,413 |
| Rent as a share of renters' income | 21.7% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 10.4% | 9.2% | 10.1% |
| Population | 793 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Rockwood
At this week's average 30-year rate of 7.11%, buying the median Rockwood home of $90,600 with 20% down costs about $583 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $734, 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 $25,006 for the 20%-down payment. That payment is 13% of the median Rockwood household income of $52,000; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,120 |
|---|---|
| Loan amount | $72,480 |
| Principal and interest | $488 |
| Property taxes (0.77% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $583 |
Change the numbers in the calculator
| Down payment | $3,171 |
|---|---|
| Loan amount | $88,959 |
| Principal and interest | $598 |
| Property taxes (0.77% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $734 |
Change the numbers in the calculator
Questions about home buying in Rockwood
What is the median home value in Rockwood?
About $90,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rockwood?
Homeowners pay a median $700 a year, which is about 0.77% 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 Rockwood?
For the median home with 20% down at 7.11%, the payment is about $583 a month. Keeping that under 28% of gross income takes about $25,006 a year.
More about Rockwood
- Mortgage Refinance in Rockwood
- Debt Relief in Rockwood
- Home Equity Loans in Rockwood
- 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