The typical owner-occupied home in Fredericktown is worth about $222,800, 12% below the Pennsylvania median of $254,500 and 33% below the national median of $332,700. Owners pay a median $1,414 a year in property taxes, about 0.63% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $138,016 a year, so the median home costs 1.6 times the median income (3.3 times for Pennsylvania). 84% of occupied homes here are lived in by their owners, and 88% of those owners still have a mortgage.
Fredericktown at a glance
| Fredericktown | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $222,800 | $254,500 | $332,700 |
| Median property tax paid per year | $1,414 | $3,311 | $3,119 |
| Property tax as a share of value | 0.63% | 1.30% | 0.94% |
| Median household income | $138,016 | $77,971 | $80,734 |
| Homes lived in by their owners | 84% | 69% | 65% |
| Owner homes with a mortgage | 88% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,415 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 13.2% | 19.4% | 21.0% |
| Median rent | – | $1,209 | $1,413 |
| Median year homes were built | 1944 | 1965 | 1980 |
| Vacant homes | 13.2% | 9.2% | 10.1% |
| Population | 488 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Fredericktown
At this week's average 30-year rate of 7.11%, buying the median Fredericktown home of $222,800 with 20% down costs about $1,409 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,780, 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 $60,378 for the 20%-down payment. That payment is 12% of the median Fredericktown household income of $138,016; at that income and 20% down, the 28% guideline points to a home of about $509,000.
| Down payment | $44,560 |
|---|---|
| Loan amount | $178,240 |
| Principal and interest | $1,199 |
| Property taxes (0.63% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| PMI | $0 |
| Total per month | $1,409 |
Change the numbers in the calculator
| Down payment | $7,798 |
|---|---|
| Loan amount | $218,765 |
| Principal and interest | $1,472 |
| Property taxes (0.63% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $93 |
| FHA mortgage insurance | $99 |
| Total per month | $1,780 |
Change the numbers in the calculator
Questions about home buying in Fredericktown
What is the median home value in Fredericktown?
About $222,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fredericktown?
Homeowners pay a median $1,414 a year, which is about 0.63% 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 Fredericktown?
For the median home with 20% down at 7.11%, the payment is about $1,409 a month. Keeping that under 28% of gross income takes about $60,378 a year.
More about Fredericktown
- Mortgage Refinance in Fredericktown
- Debt Relief in Fredericktown
- Home Equity Loans in Fredericktown
- 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