Mortgage Calculator & Closing Costs: Harrisburg, PA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Harrisburg, Pennsylvania.
Median Home Price
$155K
Population
50K
Avg Monthly Rent
$950
Property Tax Rate
1.36% *
* Property tax shown is the Pennsylvania state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Harrisburg.
Harrisburg vs Pennsylvania Median
The median home price in Harrisburg is $155,000, which is 45% below the Pennsylvania state median of $280,000.
Mortgage Calculator — Harrisburg, PA
Pre-filled with Harrisburg median home price and Pennsylvania tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Pennsylvania's 1.36% tax rate and $1,400/yr insurance.
5% Down
$1,309/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $176
Insurance: $117
PMI: $86
10% Down
$1,255/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $176
Insurance: $117
PMI: $81
20% Down (No PMI)
$1,076/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $176
Insurance: $117
Income needed (28% rule): $46K/year with 20% down, $54K/year with 10% down.
Rent vs Buy in Harrisburg
Rent
$950/mo
vs
Buy (10% down)
$1,255/mo
Price-to-rent ratio: 13.6 — With a ratio under 15, buying in Harrisburg is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $305 more than renting, but you build equity with every payment.
The median home price in Harrisburg is $155,000, 45% below the Pennsylvania state median of $280,000. With a population of 50,099, Harrisburg is a smaller market where home prices tend to be more accessible than in many parts of Pennsylvania.
Property taxes in Pennsylvania average 1.36% annually. This moderate property tax rate means a $155,000 home in Harrisburg would carry roughly $176/month in property taxes. Homeowners insurance in Pennsylvania runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Harrisburg is $950/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Harrisburg over the long term.
Harrisburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Pennsylvania's PHFA Keystone Advantage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Harrisburg.