Total monthly cost of ownership
Cost to Own a Home in Knox, Pennsylvania
A $118,000 home here costs
$1,137per 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 $48,500 a year.
A standard mortgage calculator would have told you $643. The real number is $493 higher every month, 77% more than the payment most buyers budget for.
Compare Clarion County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Knox from a five-year rolling sample, and with about 1,032 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 Clarion 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.
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 $178 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
Talk to someone who works this market
These are Knox 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 Knox every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Knox?
A $118,000 home in Knox, Pennsylvania costs approximately $1,137 per month with 20% down at 7.24%. That is $643 principal and interest, $110 property tax, $39 homeowners insurance, $246 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 $1,137 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 Knox?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Knox, Pennsylvania at today's rate takes a household income of roughly $48,500 a year. That covers the full $1,137 monthly cost, not just the mortgage payment.
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.