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Pike County, PA

Rent vs Own in Pike County, Pennsylvania

In Pike County the ownership stack ($1,753/mo) sits only modestly above HUD's $1,496/mo 2-bedroom rent, a thin premium, not a blowout. Small assumption changes in the calculator can flip the verdict. Owner-occupied homes: 21,116.

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Renting is cheaper in Pike County

HUD's 2-bedroom rent is $1,496/mo - only a thin step below the $1,753/mo ownership stack. That is a $257/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Pike County

Primary driver

HUD moved the rent benchmark down

HUD cut its 2-bedroom Fair Market Rent for Pike County from $1,657/mo in FY2025 to $1,496/mo in FY2026: it decreased by $161/mo (-9.7%). A falling benchmark narrows the case for buying here, and it usually reflects HUD re-estimating the local market rather than existing rents being cut.

Decision signal 2

Price and income sit in the middle band

Median household income is $81,323, for a 3.4x home-price-to-income ratio in the middle of the national distribution; property tax takes 4.4% of that income. Small changes in down payment or rate move this county across the rent-vs-own line more than they would in a high-ratio market.

Decision signal 3

The county sits near the state middle

Using the assumptions above, Pike County ranks 47 of 67 Pennsylvania counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 20 other Pennsylvania counties on this measure.

Decision signal 4

Renting wins, but only by a thin premium

At $272,600 for the median home and $3,542/yr in tax (1.30%), Pike County's ownership stack (~$1,753/mo) only narrowly exceeds the $1,496/mo HUD 2-bedroom rent - a $257/mo premium. That is the band where a rate drop or a larger down payment most often flips the cash-flow verdict.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$1,753
Mortgage (P&I) $1,378
Property Tax $295
Insurance (est.) $80
Monthly Rent (2-BR FMR)
$1,496
Studio$1,143
1-Bedroom$1,205
2-Bedroom$1,496
3-Bedroom$2,063
4-Bedroom$2,510

Adjust Your Scenario

Affordability Context

Median Household Income
$81,323
$6,777/mo
Home Price / Income
3.4x
Moderate (3-5x)
Tax-to-Income Ratio
4.4%
National benchmark: 2-4%

Who actually pays it here

Even with the loan gone, the largest group of Pike County owners still owes $3,000 or more every year - a recurring holding cost of a few hundred dollars a month, which is why "paid off" understates the real cost of keeping property here.

Pike County matches the national pattern: six-figure earners between $100,000 and $200,000 account for more of these write-offs than any other local group.

Layered on a thin rent-vs-own premium, that annual bill is often the swing factor: a paid-off owner still faces a real yearly charge even when the mortgage payment itself would have looked competitive.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Allegheny County
Home: $227,600 Tax: $3,451/yr
Philadelphia County
Home: $243,100 Tax: $2,003/yr
Montgomery County
Home: $436,700 Tax: $5,875/yr
Bucks County
Home: $445,700 Tax: $5,826/yr
Chester County
Home: $485,600 Tax: $6,308/yr
Delaware County
Home: $332,200 Tax: $6,124/yr

Frequently Asked Questions

What is the average rent in Pike County? ▼
HUD prices a 2-bedroom unit at $1,496/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $1,367/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
Is it cheaper to rent or buy in Pike County, Pennsylvania? ▼
HUD's 2-bedroom rent is only a thin step cheaper than owning in Pike County (about $257/mo) on the standard 20%-down / 6.5% assumptions. A larger down payment or a rate drop often closes it; equity is still the ownership-only bonus.
How much house can you afford in Pike County? ▼
On the common 3x-income guideline, a $81,323 household here can afford up to $243,969 -- about $28,631 short of this county's $272,600 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
What is the median home price in Pike County? ▼
$272,600, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 1.30% a year, in line with typical rates for the area.
Is rent going up or down in Pike County? ▼
HUD's 2-bedroom Fair Market Rent figure has fallen 9.7% between the FY2025 and FY2026 publications, the two most recent years tracked here.
How does Pike County compare to other Pennsylvania counties for renting vs buying? ▼
Out of 67 Pennsylvania counties ranked here on buy-vs-rent value, Pike County lands at spot 47, roughly in the middle of the pack statewide. The <a href="/states/pennsylvania">Pennsylvania state page</a> lists every peer county's tax bill beside this one.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

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