Total monthly cost of ownership
Cost to Own a Home in Edwardsville, Pennsylvania
A $114,000 home here costs
$1,169per 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 $50,000 a year.
A standard mortgage calculator would have told you $622. The real number is $547 higher every month, 88% more than the payment most buyers budget for.
Compare Luzerne County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Edwardsville from a five-year rolling sample, and with about 4,917 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 Luzerne 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.
Edwardsville against Luzerne County and Pennsylvania
| Measure | Edwardsville | Luzerne County |
|---|---|---|
| Median home value | $114,200 | $163,800 |
| Median property tax | $2,025 | $2,506 |
| Effective tax rate | 1.773% | 1.530% |
| Median gross rent | $875 | $958 |
| Population | 4,917 | 325,978 |
The weather behind that power bill
Edwardsville sits in Luzerne County, which averages a high of 84.6°F in its hottest month and a low of 20.3°F in its coldest, with 38.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 791 cooling and 5,740 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Luzerne County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Luzerne County
Full Luzerne County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Edwardsville 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 Edwardsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Edwardsville I already own here and may sell
Common questions
How much does it cost to own a home in Edwardsville?
A $114,000 home in Edwardsville, Pennsylvania costs approximately $1,169 per month with 20% down at 7.24%. That is $622 principal and interest, $168 property tax, $38 homeowners insurance, $246 utilities and $95 set aside for maintenance.
What is the property tax rate in Edwardsville?
Edwardsville has an effective property tax rate of 1.773%, based on a median home value of $114,200 and median real estate taxes of $2,025. That is higher than the Luzerne County average of 1.530%.
What is the average home price in Edwardsville?
The median owner-occupied home value in Edwardsville, Pennsylvania is $114,200, against $163,800 across Luzerne County.
Is it cheaper to rent or buy in Edwardsville?
Median gross rent in Edwardsville is $875 a month, against $1,169 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 Edwardsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Edwardsville, Pennsylvania at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,169 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Edwardsville, 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.