Total monthly cost of ownership
Cost to Own a Home in Fredericksburg (Lebanon County), Pennsylvania
A $221,000 home here costs
$1,981per 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 $85,000 a year.
A standard mortgage calculator would have told you $1,205. The real number is $776 higher every month, 64% more than the payment most buyers budget for.
Compare Lebanon County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fredericksburg (Lebanon County) from a five-year rolling sample, and with about 1,478 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 Lebanon 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.
Fredericksburg (Lebanon County) against Lebanon County and Pennsylvania
| Measure | Fredericksburg (Lebanon County) | Lebanon County |
|---|---|---|
| Median home value | $221,400 | $227,300 |
| Median property tax | $3,270 | $3,180 |
| Effective tax rate | 1.477% | 1.399% |
| Median gross rent | $617 | $1,087 |
| Population | 1,478 | 143,592 |
The weather behind that power bill
Fredericksburg (Lebanon County) sits in Lebanon County, which averages a high of 84.4°F in its hottest month and a low of 22.0°F in its coldest, with 46.4" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 856 cooling and 5,456 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Lebanon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lebanon County
Full Lebanon County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Fredericksburg (Lebanon County) 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 Fredericksburg (Lebanon County) every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fredericksburg (Lebanon County) I already own here and may sell
Common questions
How much does it cost to own a home in Fredericksburg (Lebanon County)?
A $221,000 home in Fredericksburg (Lebanon County), Pennsylvania costs approximately $1,981 per month with 20% down at 7.24%. That is $1,205 principal and interest, $272 property tax, $74 homeowners insurance, $246 utilities and $184 set aside for maintenance.
What is the property tax rate in Fredericksburg (Lebanon County)?
Fredericksburg (Lebanon County) has an effective property tax rate of 1.477%, based on a median home value of $221,400 and median real estate taxes of $3,270. That is higher than the Lebanon County average of 1.399%.
What is the average home price in Fredericksburg (Lebanon County)?
The median owner-occupied home value in Fredericksburg (Lebanon County), Pennsylvania is $221,400, against $227,300 across Lebanon County.
Is it cheaper to rent or buy in Fredericksburg (Lebanon County)?
Median gross rent in Fredericksburg (Lebanon County) is $617 a month, against $1,981 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 Fredericksburg (Lebanon County)?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fredericksburg (Lebanon County), Pennsylvania at today's rate takes a household income of roughly $85,000 a year. That covers the full $1,981 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fredericksburg (Lebanon County), 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.