Total monthly cost of ownership
Cost to Own a Home in Honesdale, Pennsylvania
A $181,000 home here costs
$1,542per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $931. The real number is $611 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.
Honesdale against Wayne County and Pennsylvania
| Measure | Honesdale | Wayne County |
|---|---|---|
| Median home value | $180,600 | $228,200 |
| Median property tax | $1,655 | $2,882 |
| Effective tax rate | 0.916% | 1.263% |
| Median gross rent | $1,094 | $979 |
| Population | 4,465 | 51,189 |
The weather behind that power bill
Honesdale sits in Wayne County, which averages a high of 77.3°F in its hottest month and a low of 11.9°F in its coldest, with 51.44" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 236 cooling and 7,837 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Honesdale?
A $181,000 home in Honesdale, Pennsylvania costs approximately $1,542 per month with 20% down at 6.66%. That is $931 principal and interest, $138 property tax, $60 homeowners insurance, $262 utilities and $151 set aside for maintenance.
What is the property tax rate in Honesdale?
Honesdale has an effective property tax rate of 0.916%, based on a median home value of $180,600 and median real estate taxes of $1,655. That is lower than the Wayne County average of 1.263%.
What is the average home price in Honesdale?
The median owner-occupied home value in Honesdale, Pennsylvania is $180,600, against $228,200 across Wayne County.
Is it cheaper to rent or buy in Honesdale?
Median gross rent in Honesdale is $1,094 a month, against $1,542 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 Honesdale — 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.