The typical owner-occupied home in Harford is worth about $173,900, 32% below the Pennsylvania median of $254,500 and 48% below the national median of $332,700. Owners pay a median $2,625 a year in property taxes, about 1.51% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $116,136 a year, so the median home costs 1.5 times the median income (3.3 times for Pennsylvania). 83% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Harford at a glance
| Harford | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $173,900 | $254,500 | $332,700 |
| Median property tax paid per year | $2,625 | $3,311 | $3,119 |
| Property tax as a share of value | 1.51% | 1.30% | 0.94% |
| Median household income | $116,136 | $77,971 | $80,734 |
| Homes lived in by their owners | 83% | 69% | 65% |
| Owner homes with a mortgage | 64% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,675 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.6% | 19.4% | 21.0% |
| Median rent | $850 | $1,209 | $1,413 |
| Rent as a share of renters' income | 17.5% | 29.2% | 30.6% |
| Median year homes were built | 1979 | 1965 | 1980 |
| Vacant homes | 25.0% | 9.2% | 10.1% |
| Population | 115 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Harford
At this week's average 30-year rate of 7.11%, buying the median Harford home of $173,900 with 20% down costs about $1,227 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,517, 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 $52,592 for the 20%-down payment. That payment is 13% of the median Harford household income of $116,136; at that income and 20% down, the 28% guideline points to a home of about $384,000.
The median rent here is $850 a month, so owning the median home costs about $377 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,780 |
|---|---|
| Loan amount | $139,120 |
| Principal and interest | $936 |
| Property taxes (1.51% a year) | $219 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,227 |
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| Down payment | $6,086 |
|---|---|
| Loan amount | $170,750 |
| Principal and interest | $1,149 |
| Property taxes (1.51% a year) | $219 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,517 |
Change the numbers in the calculator
Questions about home buying in Harford
What is the median home value in Harford?
About $173,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Harford?
Homeowners pay a median $2,625 a year, which is about 1.51% 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 Harford?
For the median home with 20% down at 7.11%, the payment is about $1,227 a month. Keeping that under 28% of gross income takes about $52,592 a year.
More about Harford
- Mortgage Refinance in Harford
- Debt Relief in Harford
- Home Equity Loans in Harford
- 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