Total monthly cost of ownership
Cost to Own a Home in Grove City, Pennsylvania
A $166,000 home here costs
$1,420per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $567 higher every month — 66% 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.
Grove City against Mercer County and Pennsylvania
| Measure | Grove City | Mercer County |
|---|---|---|
| Median home value | $165,900 | $153,600 |
| Median property tax | $1,335 | $1,943 |
| Effective tax rate | 0.805% | 1.265% |
| Median gross rent | $858 | $808 |
| Population | 7,861 | 109,852 |
The weather behind that power bill
Grove City 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 Grove City?
A $166,000 home in Grove City, Pennsylvania costs approximately $1,420 per month with 20% down at 6.66%. That is $853 principal and interest, $111 property tax, $55 homeowners insurance, $262 utilities and $138 set aside for maintenance.
What is the property tax rate in Grove City?
Grove City has an effective property tax rate of 0.805%, based on a median home value of $165,900 and median real estate taxes of $1,335. That is lower than the Mercer County average of 1.265%.
What is the average home price in Grove City?
The median owner-occupied home value in Grove City, Pennsylvania is $165,900, against $153,600 across Mercer County.
Is it cheaper to rent or buy in Grove City?
Median gross rent in Grove City is $858 a month, against $1,420 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 Grove 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.