Quick facts: Marcus hook, PA

Quick Facts

101.5
Cost of Living
above US average
2,433
Population
Crime rate Data is updating, will be available soon
$47,594
Median Income
below US average
$225,000
Median House Price
above US average
$1642.05
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $47,594.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $47,594
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1642.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $47,594
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marcus hook, PA

Marcus Hook is a small borough situated in Delaware County, Pennsylvania, with a rich history and a close-knit community feel. Located along the banks of the Delaware River, Marcus Hook was historically an important shipbuilding and shipping town due to its strategic location, and it still holds remnants of its industrial past. The area is primarily residential, featuring a mix of single-family homes and small businesses. Recreational opportunities abound, with the nearby waterfront offering scenic views and a place for leisurely activities. Marcus Hook is conveniently located near major highways, making it easy for residents to commute to larger urban centers such as Philadelphia. The borough also shares proximity to nature parks and preserves, enhancing its appeal for outdoor enthusiasts. Marcus Hook's community events and local organizations foster a spirit of togetherness, making it an inviting place for families and individuals alike. The borough is served by the Penn-Delco School District, providing educational resources for local children. Overall, Marcus Hook seamlessly blends history, community spirit, and suburban convenience.

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