How Long Does It Take to Save for a Home in Pa.?

Saving for a home in Pennsylvania takes an average of 3 years and 2 months, according to Realtor.com. 

Per the analysis, the median house value (as of 2023) in Pennsylvania is $259,900, with the average cost of a deposit coming out to $25,990. Pennsylvanians make an average monthly income of $5,068. The average time to save for a home is calculated using the amount left over each month after bills and other expenses. 

Pennsylvania’s 3 years and 2 months is a shorter saving period than 38 other states and a significantly shorter period than the top states of Hawaii (28 years and 10 months), California (10 years and 6 months) and Utah (8 years and 5 months). 

How do neighboring states stack up? 

• Ohio: 2 years and 11 months 
• West Virginia: 3 years and 5 months 
• Maryland: 4 years and 10 months 
• Delaware: 6 years and 2 months 
• New Jersey: 4 years and 10 months 
• New York: 4 years and 10 months 

Still, despite affordability challenges and the time it takes to save for a home, Realtor.com reports that nearly 1 in 4 millennials still plan to purchase a home in 2025, even if it means adjusting their budgets.