Total monthly cost of ownership
Cost to Own a Home in Pemberwick, Connecticut
A $893,000 home here costs
$6,442per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,591. The real number is $1,852 higher every month — 40% 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.
Pemberwick against Western Connecticut Planning Region and Connecticut
| Measure | Pemberwick | Western Connecticut Planning Region |
|---|---|---|
| Median home value | $892,600 | $625,400 |
| Median property tax | $5,532 | $9,222 |
| Effective tax rate | 0.620% | 1.475% |
| Median gross rent | $2,382 | $2,060 |
| Population | 3,455 | 621,232 |
The weather behind that power bill
Pemberwick sits in Western Connecticut Planning Region, which averages a high of 82.4°F in its hottest month and a low of 18.1°F in its coldest, with 48.03" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 594 cooling and 6,158 heating degree days, which is what sets the $246 electricity line above.
See the full climate breakdown for Western Connecticut Planning Region — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Western Connecticut Planning Region
Full Western Connecticut Planning Region cost breakdown · Every county in Connecticut
Common questions
How much does it cost to own a home in Pemberwick?
A $893,000 home in Pemberwick, Connecticut costs approximately $6,442 per month with 20% down at 6.66%. That is $4,591 principal and interest, $461 property tax, $332 homeowners insurance, $314 utilities and $744 set aside for maintenance.
What is the property tax rate in Pemberwick?
Pemberwick has an effective property tax rate of 0.620%, based on a median home value of $892,600 and median real estate taxes of $5,532. That is lower than the Western Connecticut Planning Region average of 1.475%.
What is the average home price in Pemberwick?
The median owner-occupied home value in Pemberwick, Connecticut is $892,600, against $625,400 across Western Connecticut Planning Region.
Is it cheaper to rent or buy in Pemberwick?
Median gross rent in Pemberwick is $2,382 a month, against $6,442 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 Pemberwick — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Connecticut.
- 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.