Total monthly cost of ownership
Cost to Own a Home in Croydon, Pennsylvania
A $265,000 home here costs
$2,332per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,362. The real number is $970 higher every month — 71% 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.
Croydon against Bucks County and Pennsylvania
| Measure | Croydon | Bucks County |
|---|---|---|
| Median home value | $265,000 | $421,700 |
| Median property tax | $4,780 | $5,833 |
| Effective tax rate | 1.804% | 1.383% |
| Median gross rent | $1,308 | $1,537 |
| Population | 9,704 | 645,993 |
The weather behind that power bill
Croydon sits in Bucks County, which averages a high of 85.6°F in its hottest month and a low of 23.3°F in its coldest, with 47.67" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 959 cooling and 5,160 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Bucks County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bucks County
Full Bucks County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Croydon?
A $265,000 home in Croydon, Pennsylvania costs approximately $2,332 per month with 20% down at 6.66%. That is $1,362 principal and interest, $398 property tax, $89 homeowners insurance, $262 utilities and $221 set aside for maintenance.
What is the property tax rate in Croydon?
Croydon has an effective property tax rate of 1.804%, based on a median home value of $265,000 and median real estate taxes of $4,780. That is higher than the Bucks County average of 1.383%.
What is the average home price in Croydon?
The median owner-occupied home value in Croydon, Pennsylvania is $265,000, against $421,700 across Bucks County.
Is it cheaper to rent or buy in Croydon?
Median gross rent in Croydon is $1,308 a month, against $2,332 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 Croydon — 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.