Quick facts: Horsham, PA

Quick Facts

101.5
Cost of Living
above US average
15,683
Population
10.2
Crime Rate per 1000
below US average
$96,284
Median Income
above US average
$649,990
Median House Price
above US average
$2366.8
Average Rent
above US average
4%
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 $96,284.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $649,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $96,284
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Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2366.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $96,284
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Horsham, PA

Horsham, Pennsylvania, is a suburban community located in Montgomery County, approximately 20 miles north of Philadelphia. Known for its family-friendly atmosphere, Horsham is characterized by a mix of residential neighborhoods and green spaces, making it an attractive place for families and professionals alike. The town boasts several parks, including the expansive Horsham Park, which features walking trails, sports facilities, and picnic areas. Horsham is served by the Hatboro-Horsham School District, providing quality education options for residents. The area is also home to various shopping centers, restaurants, and local businesses, contributing to a vibrant local economy. Transport options are convenient, with easy access to major highways such as the Pennsylvania Turnpike and Routes 611 and 463, making commuting to Philadelphia and surrounding areas manageable. Culturally, the town has a mix of historical charm and modern amenities, offering a variety of community events and recreational activities throughout the year. Overall, Horsham combines convenience, community spirit, and natural beauty, making it a desirable place to live.

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