Market Overview
Home Prices in Mc Kean, PA
The median home value in Mc Kean, PA is $314,880 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mc Kean are priced23% below average. Mc Kean is part of the Erie, PA metro area.
Over the past five years, Mc Kean home values have risen by approximately37.2%, reflecting strong long-term appreciation in this market.
Price History
Mc Kean Home Price Trend
City Comparison
Mc Kean vs. National Median
At $314,880, homes in Mc Kean cost 23% below the national median of $410,000. This makes Mc Kean a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mc Kean?
20% Down Payment
$62,976
on $314,880
Monthly P&I
$1,642/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,085/mo
incl. taxes & insurance
Income Needed
$83,400
gross annual (30% rule)
10% Down Option
$31,488
+ PMI applies
Loan Amount (20% dn)
$251,904
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mc Kean, PA?
The median home value in Mc Kean is $314,880 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Mc Kean?
Over the past year, home values in Mc Kean have increased by 6.1%. Over five years, prices have risen approximately 37.2%.
How much do I need to earn to buy a home in Mc Kean?
To comfortably afford the median home price of $314,880 with a 20% down payment ($62,976) at today's rates (6.8%), you'd need a gross annual income of approximately $83,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Mc Kean compare to the national average home price?
The national median home value is approximately $410,000. At $314,880, homes in Mc Kean are 23% below the national average.
What metro area is Mc Kean part of?
Mc Kean is part of the Erie, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.