Total monthly cost of ownership
Cost to Own a Home in Central City, Pennsylvania
A $73,000 home here costs
$804per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $375. The real number is $429 higher every month — 114% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Central City against Somerset County and Pennsylvania
| Measure | Central City | Somerset County |
|---|---|---|
| Median home value | $72,700 | $130,600 |
| Median property tax | $979 | $1,449 |
| Effective tax rate | 1.347% | 1.109% |
| Median gross rent | $588 | $749 |
| Population | 1,055 | 73,255 |
The weather behind that power bill
Central City sits in Somerset County, which averages a high of 78.6°F in its hottest month and a low of 19.2°F in its coldest, with 41.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 479 cooling and 6,324 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Somerset County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Somerset County
Full Somerset County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Central City?
A $73,000 home in Central City, Pennsylvania costs approximately $804 per month with 20% down at 6.66%. That is $375 principal and interest, $82 property tax, $24 homeowners insurance, $262 utilities and $61 set aside for maintenance.
What is the property tax rate in Central City?
Central City has an effective property tax rate of 1.347%, based on a median home value of $72,700 and median real estate taxes of $979. That is higher than the Somerset County average of 1.109%.
What is the average home price in Central City?
The median owner-occupied home value in Central City, Pennsylvania is $72,700, against $130,600 across Somerset County.
Is it cheaper to rent or buy in Central City?
Median gross rent in Central City is $588 a month, against $804 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Central City — 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.