Quick facts: Burnham, PA

Quick Facts

101.5
Cost of Living
above US average
1,972
Population
50.71
Crime Rate per 1000
above US average
$58,929
Median Income
below US average
$157,500
Median House Price
above US average
$1511
Average Rent
above US average
14%
Poverty Rate
above US average
5.5%
Unemployment Rate
above 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 $58,929.

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Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $157,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,929) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1511/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $58,929
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Burnham, PA

Burnham is a small borough located in Mifflin County, Pennsylvania. Situated just west of the larger town of Lewistown, Burnham offers a quiet, small-town atmosphere. The borough is primarily residential, with a tight-knit community feel and various local amenities. The area features a mix of historical architecture and modern homes, and it is characterized by its picturesque surroundings and access to natural beauty, including nearby parks and recreational areas. The local economy is supported by small businesses and services catering to residents and neighboring communities. Burnham is also known for its community events, fostering social interaction among residents. The town is well-connected by road, providing easy access to larger urban centers for more extensive shopping, dining, and entertainment options. Visitors can enjoy the local charm, making it an inviting place for families and individuals seeking a peaceful lifestyle. If you're looking to explore a quaint, community-oriented environment in Pennsylvania, Burnham is a delightful option.

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