Total monthly cost of ownership
Cost to Own a Home in Phoenixville, Pennsylvania
A $348,000 home here costs
$2,862per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,789. The real number is $1,073 higher every month — 60% 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.
Phoenixville against Chester County and Pennsylvania
| Measure | Phoenixville | Chester County |
|---|---|---|
| Median home value | $348,200 | $461,800 |
| Median property tax | $4,860 | $6,191 |
| Effective tax rate | 1.396% | 1.341% |
| Median gross rent | $1,563 | $1,691 |
| Population | 19,062 | 540,896 |
The weather behind that power bill
Phoenixville sits in Chester County, which averages a high of 83.6°F in its hottest month and a low of 22.7°F in its coldest, with 47.14" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 778 cooling and 5,359 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Chester County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chester County
Full Chester County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Phoenixville?
A $348,000 home in Phoenixville, Pennsylvania costs approximately $2,862 per month with 20% down at 6.66%. That is $1,789 principal and interest, $405 property tax, $116 homeowners insurance, $262 utilities and $290 set aside for maintenance.
What is the property tax rate in Phoenixville?
Phoenixville has an effective property tax rate of 1.396%, based on a median home value of $348,200 and median real estate taxes of $4,860. That is higher than the Chester County average of 1.341%.
What is the average home price in Phoenixville?
The median owner-occupied home value in Phoenixville, Pennsylvania is $348,200, against $461,800 across Chester County.
Is it cheaper to rent or buy in Phoenixville?
Median gross rent in Phoenixville is $1,563 a month, against $2,862 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 Phoenixville — 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.