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Buying a home in Laurelton, Pennsylvania

The typical owner-occupied home in Laurelton is worth about $151,700, 40% below the Pennsylvania median of $254,500 and 54% below the national median of $332,700. Owners pay a median $1,625 a year in property taxes, about 1.07% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $67,188 a year, so the median home costs 2.3 times the median income (3.3 times for Pennsylvania). 88% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.

Laurelton at a glance

Laurelton Pennsylvania U.S.
Median home value $151,700 $254,500 $332,700
Median property tax paid per year $1,625 $3,311 $3,119
Property tax as a share of value 1.07% 1.30% 0.94%
Median household income $67,188 $77,971 $80,734
Homes lived in by their owners 88% 69% 65%
Owner homes with a mortgage 72% 58% 61%
Median monthly costs, owners with a mortgage $1,116 $1,762 $1,963
Those costs as a share of the owners' income 17.6% 19.4% 21.0%
Median rent – $1,209 $1,413
Median year homes were built 1938 1965 1980
Vacant homes 12.5% 9.2% 10.1%
Population 258 13,018,639 334,922,499

What a typical home costs per month in Laurelton

At this week's average 30-year rate of 7.11%, buying the median Laurelton home of $151,700 with 20% down costs about $1,015 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,268, 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 $43,494 for the 20%-down payment. That payment is 18% of the median Laurelton household income of $67,188; at that income and 20% down, the 28% guideline points to a home of about $234,000.

20% down, 30-year conventional loan
Down payment$30,340
Loan amount$121,360
Principal and interest$816
Property taxes (1.07% a year)$135
Homeowners insurance (our estimate, 0.5% a year)$63
PMI$0
Total per month$1,015

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3.5% down, 30-year FHA loan
Down payment$5,310
Loan amount$148,952
Principal and interest$1,002
Property taxes (1.07% a year)$135
Homeowners insurance (our estimate, 0.5% a year)$63
FHA mortgage insurance$67
Total per month$1,268

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Questions about home buying in Laurelton

What is the median home value in Laurelton?

About $151,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Laurelton?

Homeowners pay a median $1,625 a year, which is about 1.07% 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 Laurelton?

For the median home with 20% down at 7.11%, the payment is about $1,015 a month. Keeping that under 28% of gross income takes about $43,494 a year.

More about Laurelton

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