Total monthly cost of ownership
Cost to Own a Home in Oliver, Pennsylvania
A $155,000 home here costs
$1,356per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $559 higher every month — 70% 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.
Oliver against Fayette County and Pennsylvania
| Measure | Oliver | Fayette County |
|---|---|---|
| Median home value | $155,200 | $126,900 |
| Median property tax | $1,395 | $1,516 |
| Effective tax rate | 0.899% | 1.195% |
| Median gross rent | $704 | $771 |
| Population | 2,198 | 126,967 |
The weather behind that power bill
Oliver sits in Fayette County, which averages a high of 84.3°F in its hottest month and a low of 21.4°F in its coldest, with 44.35" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 791 cooling and 5,450 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Oliver?
A $155,000 home in Oliver, Pennsylvania costs approximately $1,356 per month with 20% down at 6.66%. That is $797 principal and interest, $116 property tax, $52 homeowners insurance, $262 utilities and $129 set aside for maintenance.
What is the property tax rate in Oliver?
Oliver has an effective property tax rate of 0.899%, based on a median home value of $155,200 and median real estate taxes of $1,395. That is lower than the Fayette County average of 1.195%.
What is the average home price in Oliver?
The median owner-occupied home value in Oliver, Pennsylvania is $155,200, against $126,900 across Fayette County.
Is it cheaper to rent or buy in Oliver?
Median gross rent in Oliver is $704 a month, against $1,356 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 Oliver — 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.