Total monthly cost of ownership
Cost to Own a Home in New Britain, Pennsylvania
A $388,000 home here costs
$3,236per 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 $138,500 a year.
A standard mortgage calculator would have told you $2,115. The real number is $1,120 higher every month, 53% more than the payment most buyers budget for.
Compare Bucks County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for New Britain from a five-year rolling sample, and with about 2,822 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 Bucks 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.
New Britain against Bucks County and Pennsylvania
| Measure | New Britain | Bucks County |
|---|---|---|
| Median home value | $388,100 | $421,700 |
| Median property tax | $5,057 | $5,833 |
| Effective tax rate | 1.303% | 1.383% |
| Median gross rent | $2,034 | $1,537 |
| Population | 2,822 | 645,993 |
The weather behind that power bill
New Britain sits in Bucks County, which averages a high of 85.6°F in its hottest month and a low of 23.3°F in its coldest, with 47.67" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 959 cooling and 5,160 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Bucks County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bucks County
Full Bucks County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are New Britain 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 New Britain every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in New Britain I already own here and may sell
Common questions
How much does it cost to own a home in New Britain?
A $388,000 home in New Britain, Pennsylvania costs approximately $3,236 per month with 20% down at 7.24%. That is $2,115 principal and interest, $421 property tax, $130 homeowners insurance, $246 utilities and $323 set aside for maintenance.
What is the property tax rate in New Britain?
New Britain has an effective property tax rate of 1.303%, based on a median home value of $388,100 and median real estate taxes of $5,057. That is lower than the Bucks County average of 1.383%.
What is the average home price in New Britain?
The median owner-occupied home value in New Britain, Pennsylvania is $388,100, against $421,700 across Bucks County.
Is it cheaper to rent or buy in New Britain?
Median gross rent in New Britain is $2,034 a month, against $3,236 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 New Britain?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in New Britain, Pennsylvania at today's rate takes a household income of roughly $138,500 a year. That covers the full $3,236 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for New Britain, 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.