Total monthly cost of ownership
Cost to Own a Home in Mount Cobb, Pennsylvania
A $271,000 home here costs
$2,396per 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 $102,500 a year.
A standard mortgage calculator would have told you $1,477. The real number is $918 higher every month, 62% more than the payment most buyers budget for.
Compare Lackawanna County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mount Cobb from a five-year rolling sample, and with about 2,063 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 Lackawanna 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.
Mount Cobb against Lackawanna County and Pennsylvania
| Measure | Mount Cobb | Lackawanna County |
|---|---|---|
| Median home value | $270,900 | $189,900 |
| Median property tax | $4,273 | $2,910 |
| Effective tax rate | 1.577% | 1.532% |
| Median gross rent | — | $973 |
| Population | 2,063 | 215,834 |
The weather behind that power bill
Mount Cobb sits in Lackawanna County, which averages a high of 84.6°F in its hottest month and a low of 20.3°F in its coldest, with 38.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 791 cooling and 5,740 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Lackawanna County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lackawanna County
Full Lackawanna County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Mount Cobb 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 Mount Cobb every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Cobb I already own here and may sell
Common questions
How much does it cost to own a home in Mount Cobb?
A $271,000 home in Mount Cobb, Pennsylvania costs approximately $2,396 per month with 20% down at 7.24%. That is $1,477 principal and interest, $356 property tax, $91 homeowners insurance, $246 utilities and $226 set aside for maintenance.
What is the property tax rate in Mount Cobb?
Mount Cobb has an effective property tax rate of 1.577%, based on a median home value of $270,900 and median real estate taxes of $4,273. That is higher than the Lackawanna County average of 1.532%.
What is the average home price in Mount Cobb?
The median owner-occupied home value in Mount Cobb, Pennsylvania is $270,900, against $189,900 across Lackawanna County.
Is it cheaper to rent or buy in Mount Cobb?
Rent data is not published for Mount Cobb at this level of detail.
What salary do you need to buy a home in Mount Cobb?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Cobb, Pennsylvania at today's rate takes a household income of roughly $102,500 a year. That covers the full $2,396 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Cobb, 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.