Cost of Ownership · Pennsylvania
The true cost of owning a home in Pennsylvania
For a median $254,500 home in Pennsylvania, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,925/mo
PITI + PMI
True monthly cost
$2,137/mo
everything, incl. upkeep
The gap
+$212/mo
what approval leaves out
Effective property-tax rate
1.30%
Avg. homeowners premium
$1,120/yr
NFIP flood claims on record
76,907
Closing costs in Pennsylvania
Median closing costs and lender origination charges on real home-purchase loans in Pennsylvania, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$6,490
Typically $4,885–$9,280
Median origination charges
$2,403
Typically $1,345–$4,645
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,885 | $6,490 | $9,280 | 98,550 |
| All | $4,720 | $6,550 | $9,447 | 95,860 |
| < $250k | $4,233 | $5,236 | $7,364 | 42,989 |
| < $250k | $4,134 | $5,427 | $7,539 | 49,537 |
| $250k–$500k | $5,471 | $7,098 | $10,629 | 43,134 |
| $250k–$500k | $5,464 | $7,956 | $11,346 | 36,855 |
| $500k–$750k | $6,538 | $8,534 | $13,528 | 7,437 |
| $500k–$750k | $6,729 | $7,970 | $12,480 | 9,010 |
| > $750k | $8,187 | $9,942 | $14,114 | 3,417 |
| > $750k | $7,985 | $9,755 | $14,361 | 2,031 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Pennsylvania
- What are the median closing costs in Pennsylvania?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Pennsylvania are about $6,490, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Pennsylvania?
- The effective property-tax rate in Pennsylvania is about 1.30%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Pennsylvania?
- A median $254,500 home in Pennsylvania costs about $2,137 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,925. Every figure is from public data.
These figures use Pennsylvania's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Pennsylvania ranks on property tax and insurance, or browse every state.