Total monthly cost of ownership
Cost to Own a Home in Mount Joy, Pennsylvania
A $241,000 home here costs
$2,167per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $93,000 a year.
A standard mortgage calculator would have told you $1,324. The real number is $843 higher every month, 64% more than the payment most buyers budget for.
Compare Lancaster County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mount Joy against Lancaster County and Pennsylvania
| Measure | Mount Joy | Lancaster County |
|---|---|---|
| Median home value | $241,300 | $279,400 |
| Median property tax | $3,792 | $3,941 |
| Effective tax rate | 1.571% | 1.411% |
| Median gross rent | $1,070 | $1,289 |
| Population | 8,310 | 555,151 |
The weather behind that power bill
Mount Joy sits in Lancaster County, which averages a high of 87.0°F in its hottest month and a low of 22.2°F in its coldest, with 44.15" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,030 cooling and 5,129 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Lancaster County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lancaster County
Full Lancaster County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Mount Joy 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 Joy every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Joy I already own here and may sell
Common questions
How much does it cost to own a home in Mount Joy?
A $241,000 home in Mount Joy, Pennsylvania costs approximately $2,167 per month with 20% down at 7.32%. That is $1,324 principal and interest, $316 property tax, $81 homeowners insurance, $246 utilities and $201 set aside for maintenance.
What is the property tax rate in Mount Joy?
Mount Joy has an effective property tax rate of 1.571%, based on a median home value of $241,300 and median real estate taxes of $3,792. That is higher than the Lancaster County average of 1.411%.
What is the average home price in Mount Joy?
The median owner-occupied home value in Mount Joy, Pennsylvania is $241,300, against $279,400 across Lancaster County.
Is it cheaper to rent or buy in Mount Joy?
Median gross rent in Mount Joy is $1,070 a month, against $2,167 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 Mount Joy?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Joy, Pennsylvania at today's rate takes a household income of roughly $93,000 a year. That covers the full $2,167 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Joy, 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.