Total monthly cost of ownership
Cost to Own a Home in Ellwood City, Pennsylvania
A $120,000 home here costs
$1,178per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $561 higher every month — 91% 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.
Ellwood City against Beaver County and Pennsylvania
| Measure | Ellwood City | Beaver County |
|---|---|---|
| Median home value | $120,400 | $185,500 |
| Median property tax | $1,918 | $2,672 |
| Effective tax rate | 1.593% | 1.440% |
| Median gross rent | $836 | $867 |
| Population | 7,575 | 166,993 |
Ellwood City extends across 2 counties. Figures here use Beaver County, where most of its housing sits.
The weather behind that power bill
Ellwood City sits in Beaver County, which averages a high of 81.8°F in its hottest month and a low of 20.7°F in its coldest, with 40.69" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 636 cooling and 5,811 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Beaver County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Beaver County
Full Beaver County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Ellwood City?
A $120,000 home in Ellwood City, Pennsylvania costs approximately $1,178 per month with 20% down at 6.66%. That is $617 principal and interest, $159 property tax, $40 homeowners insurance, $262 utilities and $100 set aside for maintenance.
What is the property tax rate in Ellwood City?
Ellwood City has an effective property tax rate of 1.593%, based on a median home value of $120,400 and median real estate taxes of $1,918. That is higher than the Beaver County average of 1.440%.
What is the average home price in Ellwood City?
The median owner-occupied home value in Ellwood City, Pennsylvania is $120,400, against $185,500 across Beaver County.
Is it cheaper to rent or buy in Ellwood City?
Median gross rent in Ellwood City is $836 a month, against $1,178 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 Ellwood 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.