Quick facts: Shelocta, PA

Quick Facts

101.5
Cost of Living
above US average
100
Population
1000.0
Crime Rate per 1000
above US average
$44,375
Median Income
below US average
$128,500
Median House Price
above US average
$1511
Average Rent
above US average
10%
Poverty Rate
below US average
5.0%
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 $44,375.

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Income Needed to Buy

βœ“ Affordable
$40k/year
Based on $128,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($44,375) 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 $44,375
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Shelocta, PA

Shelocta is a small borough located in Indiana County, Pennsylvania. With a population of around 300 residents, it offers a quaint, tight-knit community atmosphere. The borough is situated near the scenic Conemaugh River and is surrounded by lush forests, making it ideal for outdoor enthusiasts who enjoy hiking, fishing, and exploring nature. Shelocta's history dates back to the late 19th century, and you can find remnants of its past in its charming architecture. The town is primarily residential, contributing to its peaceful environment. Local amenities are limited, but nearby Indiana, PA offers additional services and recreational opportunities, including parks, shopping, and dining. Additionally, Shelocta is conveniently located just off U.S. Route 422, providing easy access to larger cities like Pittsburgh, which is about an hour's drive away. The area is characterized by a rural lifestyle, with a focus on community events, local gatherings, and a slower pace of life. Overall, Shelocta provides a serene escape for those looking to enjoy the beauty of Pennsylvania's countryside.

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