Total monthly cost of ownership
Cost to Own a Home in Hamburg, Pennsylvania
A $183,000 home here costs
$1,762per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $75,500 a year.
A standard mortgage calculator would have told you $1,014. The real number is $748 higher every month, 74% more than the payment most buyers budget for.
Compare Berks County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hamburg from a five-year rolling sample, and with about 4,377 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 Berks 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.
Hamburg against Berks County and Pennsylvania
| Measure | Hamburg | Berks County |
|---|---|---|
| Median home value | $182,900 | $239,700 |
| Median property tax | $3,469 | $4,238 |
| Effective tax rate | 1.897% | 1.768% |
| Median gross rent | $1,126 | $1,143 |
| Population | 4,377 | 429,989 |
The weather behind that power bill
Hamburg sits in Berks County, which averages a high of 86.4°F in its hottest month and a low of 21.8°F in its coldest, with 47.36" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 981 cooling and 5,293 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Berks County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Berks County
Full Berks County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Hamburg 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 Hamburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hamburg I already own here and may sell
Common questions
How much does it cost to own a home in Hamburg?
A $183,000 home in Hamburg, Pennsylvania costs approximately $1,762 per month with 20% down at 7.4%. That is $1,014 principal and interest, $289 property tax, $61 homeowners insurance, $245 utilities and $153 set aside for maintenance.
What is the property tax rate in Hamburg?
Hamburg has an effective property tax rate of 1.897%, based on a median home value of $182,900 and median real estate taxes of $3,469. That is higher than the Berks County average of 1.768%.
What is the average home price in Hamburg?
The median owner-occupied home value in Hamburg, Pennsylvania is $182,900, against $239,700 across Berks County.
Is it cheaper to rent or buy in Hamburg?
Median gross rent in Hamburg is $1,126 a month, against $1,762 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 Hamburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hamburg, Pennsylvania at today's rate takes a household income of roughly $75,500 a year. That covers the full $1,762 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hamburg, 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.