Mortgage Rates in Pennsylvania — March 2026
Compare current mortgage rates across 7 cities in Pennsylvania. The average 30-year fixed rate is 6.7%, which is 0.05% above the national average of 6.65%.
Pennsylvania Housing Highlights
All 7 Cities in Pennsylvania
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Philadelphia | 6.7% | $235,000 | $1,213 | 1,603,797 |
| Pittsburgh | 6.7% | $195,000 | $1,007 | 302,971 |
| Allentown | 6.7% | $195,000 | $1,007 | 126,092 |
| Reading | 6.7% | $115,000 | $594 | 95,112 |
| Erie | 6.7% | $115,000 | $594 | 94,831 |
| Scranton | 6.7% | $135,000 | $697 | 76,997 |
| Bethlehem | 6.7% | $225,000 | $1,162 | 75,781 |
Pennsylvania Mortgage Rates Guide — 2026
Pennsylvania homebuyers currently see an average 30-year fixed mortgage rate of 6.7%, with median home prices around $173,571. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $896.
The most affordable city for homebuyers in Pennsylvania is Erie, where the median home price is $115,000. On the other end, Philadelphia has the highest prices at $235,000. Property tax rates across the state average 1.36%.
To comfortably afford a home at the state average price, a household income of approximately $38,400 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Pennsylvania Mortgages
What are current mortgage rates in Pennsylvania?
As of March 2026, the average 30-year fixed mortgage rate in Pennsylvania is 6.7% and the 15-year fixed rate averages 5.94%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Pennsylvania?
The median home price across 7 cities in Pennsylvania is $173,571. Prices range from $115,000 in Erie to $235,000 in Philadelphia.
How much income do I need to buy a house in Pennsylvania?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $38,400 to comfortably afford the average home in Pennsylvania. The median household income in the state is approximately $43,013.
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