Quick facts: Cochranville, PA

Quick Facts

101.5
Cost of Living
above US average
488
Population
24.59
Crime Rate per 1000
above US average
$92,292
Median Income
above US average
$589,420
Median House Price
above US average
$2300.0
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
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 $92,292.

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Income Needed to Buy

βœ— Stretch
$185k/year
Based on $589,420 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $185k vs median $92,292
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $92,292
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cochranville, PA

Cochranville is a small, charming community located in Chester County, Pennsylvania. Situated in the heart of picturesque rural landscapes, this quaint town offers a peaceful, close-knit atmosphere while being in proximity to larger urban centers. Founded in the 18th century, Cochranville has retained much of its historical charm, featuring beautiful old buildings and a welcoming community spirit. The area is characterized by its agricultural roots, with farms and open spaces that contribute to its scenic beauty. Nearby attractions include local parks and outdoor recreational opportunities, making it ideal for those who appreciate nature and tranquility. Residents enjoy a slower pace of life, with friendly neighbors and a strong sense of community involvement. Cochranville is also conveniently located near larger towns like West Chester and Coatesville, providing access to additional amenities, shopping, dining, and entertainment options. The town is primarily residential, with some small businesses catering to local needs. Overall, Cochranville embodies the essence of rural Pennsylvania life, with a warm, welcoming atmosphere and stunning natural surroundings.

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