Total monthly cost of ownership
Cost to Own a Home in Loretto, Pennsylvania
A $188,000 home here costs
$1,579per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $967. The real number is $612 higher every month — 63% 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.
Loretto against Cambria County and Pennsylvania
| Measure | Loretto | Cambria County |
|---|---|---|
| Median home value | $187,500 | $115,900 |
| Median property tax | $1,567 | $1,487 |
| Effective tax rate | 0.836% | 1.283% |
| Median gross rent | — | $733 |
| Population | 1,370 | 132,355 |
The weather behind that power bill
Loretto sits in Cambria County, which averages a high of 78.7°F in its hottest month and a low of 15.9°F in its coldest, with 48.68" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 294 cooling and 6,963 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Cambria County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cambria County
Full Cambria County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Loretto?
A $188,000 home in Loretto, Pennsylvania costs approximately $1,579 per month with 20% down at 6.66%. That is $967 principal and interest, $131 property tax, $63 homeowners insurance, $262 utilities and $157 set aside for maintenance.
What is the property tax rate in Loretto?
Loretto has an effective property tax rate of 0.836%, based on a median home value of $187,500 and median real estate taxes of $1,567. That is lower than the Cambria County average of 1.283%.
What is the average home price in Loretto?
The median owner-occupied home value in Loretto, Pennsylvania is $187,500, against $115,900 across Cambria County.
Is it cheaper to rent or buy in Loretto?
Rent data is not published for Loretto at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Loretto — 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.