Total monthly cost of ownership
Cost to Own a Home in Falls Creek, Pennsylvania
A $105,000 home here costs
$1,040per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $540. The real number is $501 higher every month — 93% 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.
Falls Creek against Clearfield County and Pennsylvania
| Measure | Falls Creek | Clearfield County |
|---|---|---|
| Median home value | $104,700 | $125,000 |
| Median property tax | $1,390 | $1,488 |
| Effective tax rate | 1.328% | 1.190% |
| Median gross rent | $993 | $788 |
| Population | 1,084 | 78,902 |
Falls Creek extends across 2 counties. Figures here use Clearfield County, where most of its housing sits.
The weather behind that power bill
Falls Creek sits in Clearfield County, which averages a high of 82.1°F in its hottest month and a low of 17.8°F in its coldest, with 40.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 491 cooling and 6,391 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Clearfield County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clearfield County
Full Clearfield County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Falls Creek?
A $105,000 home in Falls Creek, Pennsylvania costs approximately $1,040 per month with 20% down at 6.66%. That is $540 principal and interest, $116 property tax, $35 homeowners insurance, $262 utilities and $88 set aside for maintenance.
What is the property tax rate in Falls Creek?
Falls Creek has an effective property tax rate of 1.328%, based on a median home value of $104,700 and median real estate taxes of $1,390. That is higher than the Clearfield County average of 1.190%.
What is the average home price in Falls Creek?
The median owner-occupied home value in Falls Creek, Pennsylvania is $104,700, against $125,000 across Clearfield County.
Is it cheaper to rent or buy in Falls Creek?
Median gross rent in Falls Creek is $993 a month, against $1,040 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 Falls Creek — 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.