Total monthly cost of ownership
Cost to Own a Home in Penn Farms, Pennsylvania
A $329,000 home here costs
$2,720per 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 $116,500 a year.
A standard mortgage calculator would have told you $1,794. The real number is $927 higher every month, 52% more than the payment most buyers budget for.
Compare Blair County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Penn Farms from a five-year rolling sample, and with about 2,342 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 Blair 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.
Penn Farms against Blair County and Pennsylvania
| Measure | Penn Farms | Blair County |
|---|---|---|
| Median home value | $329,200 | $156,700 |
| Median property tax | $3,563 | $1,711 |
| Effective tax rate | 1.082% | 1.092% |
| Median gross rent | $1,118 | $854 |
| Population | 2,342 | 121,854 |
The weather behind that power bill
Penn Farms sits in Blair County, which averages a high of 82.9°F in its hottest month and a low of 21.3°F in its coldest, with 36.65" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 691 cooling and 5,764 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Blair County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blair County
Full Blair County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Penn Farms 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 Penn Farms every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Penn Farms I already own here and may sell
Common questions
How much does it cost to own a home in Penn Farms?
A $329,000 home in Penn Farms, Pennsylvania costs approximately $2,720 per month with 20% down at 7.24%. That is $1,794 principal and interest, $297 property tax, $110 homeowners insurance, $246 utilities and $274 set aside for maintenance.
What is the property tax rate in Penn Farms?
Penn Farms has an effective property tax rate of 1.082%, based on a median home value of $329,200 and median real estate taxes of $3,563. That is lower than the Blair County average of 1.092%.
What is the average home price in Penn Farms?
The median owner-occupied home value in Penn Farms, Pennsylvania is $329,200, against $156,700 across Blair County.
Is it cheaper to rent or buy in Penn Farms?
Median gross rent in Penn Farms is $1,118 a month, against $2,720 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 Penn Farms?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Penn Farms, Pennsylvania at today's rate takes a household income of roughly $116,500 a year. That covers the full $2,720 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Penn Farms, 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.