Total monthly cost of ownership
Cost to Own a Home in New Wilmington, Pennsylvania
A $204,000 home here costs
$1,735per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,049. The real number is $686 higher every month — 65% 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.
New Wilmington against Lawrence County and Pennsylvania
| Measure | New Wilmington | Lawrence County |
|---|---|---|
| Median home value | $204,300 | $136,700 |
| Median property tax | $2,242 | $1,983 |
| Effective tax rate | 1.097% | 1.451% |
| Median gross rent | $888 | $778 |
| Population | 2,291 | 85,423 |
The weather behind that power bill
New Wilmington sits in Lawrence County, which averages a high of 85.9°F in its hottest month and a low of 19.0°F in its coldest, with 41.78" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 781 cooling and 5,800 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in New Wilmington?
A $204,000 home in New Wilmington, Pennsylvania costs approximately $1,735 per month with 20% down at 6.66%. That is $1,049 principal and interest, $186 property tax, $68 homeowners insurance, $262 utilities and $170 set aside for maintenance.
What is the property tax rate in New Wilmington?
New Wilmington has an effective property tax rate of 1.097%, based on a median home value of $204,300 and median real estate taxes of $2,242. That is lower than the Lawrence County average of 1.451%.
What is the average home price in New Wilmington?
The median owner-occupied home value in New Wilmington, Pennsylvania is $204,300, against $136,700 across Lawrence County.
Is it cheaper to rent or buy in New Wilmington?
Median gross rent in New Wilmington is $888 a month, against $1,735 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 New Wilmington — 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.