Total monthly cost of ownership
Cost to Own a Home in Blue Ridge Summit, Pennsylvania
A $284,000 home here costs
$2,339per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $100,000 a year.
A standard mortgage calculator would have told you $1,548. The real number is $790 higher every month, 51% more than the payment most buyers budget for.
Compare Franklin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Blue Ridge Summit from a five-year rolling sample, and with about 1,016 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Franklin County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Blue Ridge Summit against Franklin County and Pennsylvania
| Measure | Blue Ridge Summit | Franklin County |
|---|---|---|
| Median home value | $284,100 | $236,300 |
| Median property tax | $2,553 | $2,634 |
| Effective tax rate | 0.899% | 1.115% |
| Median gross rent | $842 | $1,071 |
| Population | 1,016 | 156,626 |
The weather behind that power bill
Blue Ridge Summit sits in Franklin County, which averages a high of 84.9°F in its hottest month and a low of 22.9°F in its coldest, with 43.53" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 925 cooling and 5,302 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Franklin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Blue Ridge Summit averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Blue Ridge Summit every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Blue Ridge Summit I already own here and may sell
Common questions
How much does it cost to own a home in Blue Ridge Summit?
A $284,000 home in Blue Ridge Summit, Pennsylvania costs approximately $2,339 per month with 20% down at 7.24%. That is $1,548 principal and interest, $213 property tax, $95 homeowners insurance, $246 utilities and $237 set aside for maintenance.
What is the property tax rate in Blue Ridge Summit?
Blue Ridge Summit has an effective property tax rate of 0.899%, based on a median home value of $284,100 and median real estate taxes of $2,553. That is lower than the Franklin County average of 1.115%.
What is the average home price in Blue Ridge Summit?
The median owner-occupied home value in Blue Ridge Summit, Pennsylvania is $284,100, against $236,300 across Franklin County.
Is it cheaper to rent or buy in Blue Ridge Summit?
Median gross rent in Blue Ridge Summit is $842 a month, against $2,339 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Blue Ridge Summit?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Blue Ridge Summit, Pennsylvania at today's rate takes a household income of roughly $100,000 a year. That covers the full $2,339 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Blue Ridge Summit, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Pennsylvania.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.