Quick facts: Bedford, PA

Quick Facts

101.5
Cost of Living
above US average
47,418
Population
0.44
Crime Rate per 1000
below US average
$58,337
Median Income
below US average
$169,000
Median House Price
above US average
$950.0
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $58,337.

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Income Needed to Buy

βœ“ Affordable
$53k/year
Based on $169,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,337) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $950.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,337) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bedford, PA

Bedford, Pennsylvania, is a charming small town located in Bedford County, nestled in the scenic Allegheny Mountains. Known for its rich history, Bedford boasts a quaint downtown area with unique boutiques, local eateries, and historic landmarks, including the Bedford Springs Resort, which has welcomed guests since the 18th century. The town is renowned for its outdoor recreational opportunities, including hiking, fishing, and camping, particularly in the nearby Shawnee State Park and Allegheny National Forest. Bedford has a rich heritage, evident in its preserved architecture and the historic Old Bedford Village, which serves as a living history museum showcasing 18th and 19th-century life. The town is also a stop along the Lincoln Highway, America's first coast-to-coast highway, making it a significant point of interest for travelers. Culturally, Bedford hosts various community events throughout the year, such as festivals and parades, fostering a close-knit community spirit. Overall, Bedford offers a blend of historical charm, natural beauty, and community engagement, making it a delightful destination for both residents and visitors.

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