Total monthly cost of ownership
Cost to Own a Home in Farrell, Pennsylvania
A $76,000 home here costs
$859per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $391. The real number is $469 higher every month — 120% 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.
Farrell against Mercer County and Pennsylvania
| Measure | Farrell | Mercer County |
|---|---|---|
| Median home value | $76,200 | $153,600 |
| Median property tax | $1,423 | $1,943 |
| Effective tax rate | 1.867% | 1.265% |
| Median gross rent | $832 | $808 |
| Population | 4,239 | 109,852 |
The weather behind that power bill
Farrell sits in Mercer County, which averages a high of 82.7°F in its hottest month and a low of 19.3°F in its coldest, with 41.19" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 633 cooling and 6,089 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Mercer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Full Mercer County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Farrell?
A $76,000 home in Farrell, Pennsylvania costs approximately $859 per month with 20% down at 6.66%. That is $391 principal and interest, $118 property tax, $25 homeowners insurance, $262 utilities and $63 set aside for maintenance.
What is the property tax rate in Farrell?
Farrell has an effective property tax rate of 1.867%, based on a median home value of $76,200 and median real estate taxes of $1,423. That is higher than the Mercer County average of 1.265%.
What is the average home price in Farrell?
The median owner-occupied home value in Farrell, Pennsylvania is $76,200, against $153,600 across Mercer County.
Is it cheaper to rent or buy in Farrell?
Median gross rent in Farrell is $832 a month, against $859 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 Farrell — 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.