Compare Wilkes Barre, PA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Wilkes Barre.
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October 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Wilkes Barre. Understand how much you need to earn to afford a home in Wilkes Barre, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Wilkes Barre fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Wilkes Barre is right for you.
The median home value for Wilkes Barre, PA (Luzerne County) is $154,988
Based on current mortgage rates and a 10% down payment, you need to make $25,394 per year to buy the median priced home in Wilkes Barre
With this income, you could qualify for a $139,489 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Wilkes Barre is $588
The median household income for Wilkes Barre, PA (Luzerne County) is $58,337
Based on this income, you can afford a home valued at approximately $356,047
The home price you can afford to buy based on household income in Wilkes Barre is 230% of the median home value which means housing prices are affordable. Wilkes Barre (Luzerne County) ranks 17 out of 67 counties in Pennsylvania and 1,149 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Wilkes Barre, PA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wilkes Barre (Luzerne County) below.
Conforming loan limits for Wilkes Barre, PA
FHA loan limits for Wilkes Barre, PA
VA loan limits for Wilkes Barre, PA