(STACKER) — The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.
But all things are not equal when it comes to real estate in the United States.
Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Pennsylvania. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.
The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.
Keep reading to discover which county in Pennsylvania has the lowest home prices.
Nyttend // Wikimedia Commons
#30. Juniata County
– Monthly mortgage payment in 2020: $579 (9.5% less than 2019)
– Monthly mortgage payment in 2019: $640
– Median home value in 2020: $156,400
– Ranked #1,868 out of 3,120 counties nationwide
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#29. Erie County
– Monthly mortgage payment in 2020: $564 (11.7% less than 2019)
– Monthly mortgage payment in 2019: $639
– Median home value in 2020: $152,300
– Ranked #1,799 out of 3,120 counties nationwide
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#28. Tioga County
– Monthly mortgage payment in 2020: $553 (9.3% less than 2019)
– Monthly mortgage payment in 2019: $610
– Median home value in 2020: $149,200
– Ranked #1,765 out of 3,120 counties nationwide
Canadian2006 // Wikimedia Commons
#27. Bedford County
– Monthly mortgage payment in 2020: $532 (5.7% less than 2019)
– Monthly mortgage payment in 2019: $564
– Median home value in 2020: $143,500
– Ranked #1,670 out of 3,120 counties nationwide
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#26. Clinton County
– Monthly mortgage payment in 2020: $531 (7.8% less than 2019)
– Monthly mortgage payment in 2019: $576
– Median home value in 2020: $143,400
– Ranked #1,667 out of 3,120 counties nationwide
Joe Calzarette // Wikimedia Commons
#25. Huntingdon County
– Monthly mortgage payment in 2020: $530 (5.0% less than 2019)
– Monthly mortgage payment in 2019: $558
– Median home value in 2020: $143,200
– Ranked #1,663 out of 3,120 counties nationwide
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#24. Blair County
– Monthly mortgage payment in 2020: $510 (8.1% less than 2019)
– Monthly mortgage payment in 2019: $555
– Median home value in 2020: $137,700
– Ranked #1,563 out of 3,120 counties nationwide
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#23. Luzerne County
– Monthly mortgage payment in 2020: $500 (15.7% less than 2019)
– Monthly mortgage payment in 2019: $593
– Median home value in 2020: $135,000
– Ranked #1,522 out of 3,120 counties nationwide
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#22. Mercer County
– Monthly mortgage payment in 2020: $487 (14.9% less than 2019)
– Monthly mortgage payment in 2019: $572
– Median home value in 2020: $131,500
– Ranked #1,462 out of 3,120 counties nationwide
Doug Kerr // Wikimedia Commons
#21. Indiana County
– Monthly mortgage payment in 2020: $479 (10.8% less than 2019)
– Monthly mortgage payment in 2019: $537
– Median home value in 2020: $129,400
– Ranked #1,420 out of 3,120 counties nationwide
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#20. Greene County
– Monthly mortgage payment in 2020: $478 (5.2% less than 2019)
– Monthly mortgage payment in 2019: $504
– Median home value in 2020: $129,100
– Ranked #1,410 out of 3,120 counties nationwide
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#19. Lawrence County
– Monthly mortgage payment in 2020: $471 (2.9% less than 2019)
– Monthly mortgage payment in 2019: $485
– Median home value in 2020: $127,300
– Ranked #1,380 out of 3,120 counties nationwide
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#18. Mifflin County
– Monthly mortgage payment in 2020: $458 (5.4% less than 2019)
– Monthly mortgage payment in 2019: $484
– Median home value in 2020: $123,800
– Ranked #1,307 out of 3,120 counties nationwide
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#17. Clarion County
– Monthly mortgage payment in 2020: $455 (9.5% less than 2019)
– Monthly mortgage payment in 2019: $503
– Median home value in 2020: $122,800
– Ranked #1,278 out of 3,120 counties nationwide
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#16. Northumberland County
– Monthly mortgage payment in 2020: $452 (14.1% less than 2019)
– Monthly mortgage payment in 2019: $526
– Median home value in 2020: $122,100
– Ranked #1,250 out of 3,120 counties nationwide
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#15. Armstrong County
– Monthly mortgage payment in 2020: $452 (11.2% less than 2019)
– Monthly mortgage payment in 2019: $509
– Median home value in 2020: $122,100
– Ranked #1,251 out of 3,120 counties nationwide
Nicholas // Wikimedia Commons
#14. Crawford County
– Monthly mortgage payment in 2020: $446 (10.8% less than 2019)
– Monthly mortgage payment in 2019: $500
– Median home value in 2020: $120,300
– Ranked #1,202 out of 3,120 counties nationwide
Nicholas // Wikimedia Commons
#13. Potter County
– Monthly mortgage payment in 2020: $426 (8.2% less than 2019)
– Monthly mortgage payment in 2019: $464
– Median home value in 2020: $115,100
– Ranked #1,086 out of 3,120 counties nationwide
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#12. Schuylkill County
– Monthly mortgage payment in 2020: $425 (5.6% less than 2019)
– Monthly mortgage payment in 2019: $450
– Median home value in 2020: $114,700
– Ranked #1,078 out of 3,120 counties nationwide
Canadian2006 // Wikimedia Commons
#11. Somerset County
– Monthly mortgage payment in 2020: $409 (12.8% less than 2019)
– Monthly mortgage payment in 2019: $469
– Median home value in 2020: $110,600
– Ranked #981 out of 3,120 counties nationwide
Doug Kerr from Albany, NY, United States // Wikimedia Commons
#10. Jefferson County
– Monthly mortgage payment in 2020: $404 (8.0% less than 2019)
– Monthly mortgage payment in 2019: $439
– Median home value in 2020: $109,100
– Ranked #944 out of 3,120 counties nationwide
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#9. Elk County
– Monthly mortgage payment in 2020: $401 (8.0% less than 2019)
– Monthly mortgage payment in 2019: $436
– Median home value in 2020: $108,400
– Ranked #924 out of 3,120 counties nationwide
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#8. Fayette County
– Monthly mortgage payment in 2020: $397 (17.6% less than 2019)
– Monthly mortgage payment in 2019: $482
– Median home value in 2020: $107,200
– Ranked #886 out of 3,120 counties nationwide
Pubdog // Wikimedia Commons
#7. Clearfield County
– Monthly mortgage payment in 2020: $385 (11.9% less than 2019)
– Monthly mortgage payment in 2019: $437
– Median home value in 2020: $103,900
– Ranked #802 out of 3,120 counties nationwide
Nicholas // Wikimedia Commons
#6. Warren County
– Monthly mortgage payment in 2020: $381 (9.3% less than 2019)
– Monthly mortgage payment in 2019: $420
– Median home value in 2020: $102,900
– Ranked #775 out of 3,120 counties nationwide
Publichall // Wikimedia Commons
#5. Cambria County
– Monthly mortgage payment in 2020: $375 (8.5% less than 2019)
– Monthly mortgage payment in 2019: $410
– Median home value in 2020: $101,400
– Ranked #736 out of 3,120 counties nationwide
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#4. Forest County
– Monthly mortgage payment in 2020: $373 (5.3% less than 2019)
– Monthly mortgage payment in 2019: $394
– Median home value in 2020: $100,700
– Ranked #721 out of 3,120 counties nationwide
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#3. Venango County
– Monthly mortgage payment in 2020: $348 (7.7% less than 2019)
– Monthly mortgage payment in 2019: $377
– Median home value in 2020: $93,900
– Ranked #563 out of 3,120 counties nationwide
Nicholas from Pennsylvania, USA // Wikimedia Commons
#2. McKean County
– Monthly mortgage payment in 2020: $313 (10.8% less than 2019)
– Monthly mortgage payment in 2019: $351
– Median home value in 2020: $84,400
– Ranked #307 out of 3,120 counties nationwide
Nicholas // Wikimedia Commons
#1. Cameron County
– Monthly mortgage payment in 2020: $305 (8.7% less than 2019)
– Monthly mortgage payment in 2019: $334
– Median home value in 2020: $82,400
– Ranked #271 out of 3,120 counties nationwide
