Total monthly cost of ownership
Cost to Own a Home in Chestnut Hill, Pennsylvania
A $363,000 home here costs
$3,130per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,866. The real number is $1,264 higher every month — 68% 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.
Chestnut Hill against Northampton County and Pennsylvania
| Measure | Chestnut Hill | Northampton County |
|---|---|---|
| Median home value | $362,800 | $285,000 |
| Median property tax | $6,938 | $4,710 |
| Effective tax rate | 1.912% | 1.653% |
| Median gross rent | $1,746 | $1,335 |
| Population | 6,774 | 315,927 |
The weather behind that power bill
Chestnut Hill sits in Northampton County, which averages a high of 86.4°F in its hottest month and a low of 21.8°F in its coldest, with 47.36" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 981 cooling and 5,293 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Northampton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Northampton County
Full Northampton County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Chestnut Hill?
A $363,000 home in Chestnut Hill, Pennsylvania costs approximately $3,130 per month with 20% down at 6.66%. That is $1,866 principal and interest, $578 property tax, $121 homeowners insurance, $262 utilities and $303 set aside for maintenance.
What is the property tax rate in Chestnut Hill?
Chestnut Hill has an effective property tax rate of 1.912%, based on a median home value of $362,800 and median real estate taxes of $6,938. That is higher than the Northampton County average of 1.653%.
What is the average home price in Chestnut Hill?
The median owner-occupied home value in Chestnut Hill, Pennsylvania is $362,800, against $285,000 across Northampton County.
Is it cheaper to rent or buy in Chestnut Hill?
Median gross rent in Chestnut Hill is $1,746 a month, against $3,130 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 Chestnut Hill — 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.