Total monthly cost of ownership
Cost to Own a Home in Montrose, Pennsylvania
A $160,000 home here costs
$1,469per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $646 higher every month — 79% 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.
Montrose against Susquehanna County and Pennsylvania
| Measure | Montrose | Susquehanna County |
|---|---|---|
| Median home value | $160,000 | $206,700 |
| Median property tax | $2,375 | $2,373 |
| Effective tax rate | 1.484% | 1.148% |
| Median gross rent | $854 | $913 |
| Population | 1,427 | 38,349 |
The weather behind that power bill
Montrose sits in Susquehanna County, which averages a high of 79.7°F in its hottest month and a low of 12.5°F in its coldest, with 46.71" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 313 cooling and 7,499 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Susquehanna County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Susquehanna County
Full Susquehanna County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Montrose?
A $160,000 home in Montrose, Pennsylvania costs approximately $1,469 per month with 20% down at 6.66%. That is $823 principal and interest, $198 property tax, $53 homeowners insurance, $262 utilities and $133 set aside for maintenance.
What is the property tax rate in Montrose?
Montrose has an effective property tax rate of 1.484%, based on a median home value of $160,000 and median real estate taxes of $2,375. That is higher than the Susquehanna County average of 1.148%.
What is the average home price in Montrose?
The median owner-occupied home value in Montrose, Pennsylvania is $160,000, against $206,700 across Susquehanna County.
Is it cheaper to rent or buy in Montrose?
Median gross rent in Montrose is $854 a month, against $1,469 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 Montrose — 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.