Quick facts: Gap, PA

Quick Facts

101.5
Cost of Living
above US average
2,324
Population
8.61
Crime Rate per 1000
below US average
$100,313
Median Income
above US average
$249,000
Median House Price
above US average
$2650.0
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 $100,313.

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Income Needed to Buy

βœ“ Affordable
$78k/year
Based on $249,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($100,313) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2650.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $100,313
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gap, PA

Gap is a small, unincorporated community located in Lancaster County, Pennsylvania. Nestled in the heart of Pennsylvania Dutch Country, Gap is known for its scenic rural landscapes, Amish heritage, and charming small-town atmosphere. The area features a mix of agricultural land, quaint farms, and picturesque rolling hills. Although Gap itself has a modest population, it serves as a gateway to the larger Lancaster County region, which is famous for its Amish culture, handcrafted goods, and vibrant local markets. Visitors can explore traditional Amish craftsmanship, enjoy homemade baked goods, and find unique crafts in local shops. The community is also near attractions like the Dutch Wonderland amusement park and various historical sites. Outdoor enthusiasts can appreciate the numerous hiking and biking trails nearby. Gap’s close-knit community and rich cultural heritage make it a unique spot in Pennsylvania, ideal for those looking to experience a slower pace of life and the charm of rural America.

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