Total monthly cost of ownership
Cost to Own a Home in Lakemont, Pennsylvania
A $147,000 home here costs
$1,289per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $756. The real number is $533 higher every month — 71% 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.
Lakemont against Blair County and Pennsylvania
| Measure | Lakemont | Blair County |
|---|---|---|
| Median home value | $147,300 | $156,700 |
| Median property tax | $1,204 | $1,711 |
| Effective tax rate | 0.817% | 1.092% |
| Median gross rent | $1,103 | $854 |
| Population | 1,504 | 121,854 |
The weather behind that power bill
Lakemont sits in Blair County, which averages a high of 82.9°F in its hottest month and a low of 21.3°F in its coldest, with 36.65" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 691 cooling and 5,764 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Blair County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blair County
Full Blair County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Lakemont?
A $147,000 home in Lakemont, Pennsylvania costs approximately $1,289 per month with 20% down at 6.66%. That is $756 principal and interest, $100 property tax, $49 homeowners insurance, $262 utilities and $123 set aside for maintenance.
What is the property tax rate in Lakemont?
Lakemont has an effective property tax rate of 0.817%, based on a median home value of $147,300 and median real estate taxes of $1,204. That is lower than the Blair County average of 1.092%.
What is the average home price in Lakemont?
The median owner-occupied home value in Lakemont, Pennsylvania is $147,300, against $156,700 across Blair County.
Is it cheaper to rent or buy in Lakemont?
Median gross rent in Lakemont is $1,103 a month, against $1,289 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 Lakemont — 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.