Total monthly cost of ownership
Cost to Own a Home in Knox, Pennsylvania
A $118,000 home here costs
$1,116per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $509 higher every month — 84% 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.
Knox against Clarion County and Pennsylvania
| Measure | Knox | Clarion County |
|---|---|---|
| Median home value | $117,800 | $152,100 |
| Median property tax | $1,313 | $1,477 |
| Effective tax rate | 1.115% | 0.971% |
| Median gross rent | $835 | $785 |
| Population | 1,032 | 37,297 |
The weather behind that power bill
Knox sits in Clarion County, which averages a high of 82.2°F in its hottest month and a low of 15.5°F in its coldest, with 46.88" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 448 cooling and 6,708 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Clarion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clarion County
Full Clarion County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Knox?
A $118,000 home in Knox, Pennsylvania costs approximately $1,116 per month with 20% down at 6.66%. That is $607 principal and interest, $110 property tax, $39 homeowners insurance, $262 utilities and $98 set aside for maintenance.
What is the property tax rate in Knox?
Knox has an effective property tax rate of 1.115%, based on a median home value of $117,800 and median real estate taxes of $1,313. That is higher than the Clarion County average of 0.971%.
What is the average home price in Knox?
The median owner-occupied home value in Knox, Pennsylvania is $117,800, against $152,100 across Clarion County.
Is it cheaper to rent or buy in Knox?
Median gross rent in Knox is $835 a month, against $1,116 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 Knox — 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.