Total monthly cost of ownership
Cost to Own a Home in Pine Grove Mills, Pennsylvania
A $314,000 home here costs
$2,629per 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 $112,500 a year.
A standard mortgage calculator would have told you $1,712. The real number is $918 higher every month, 54% more than the payment most buyers budget for.
Compare Centre County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pine Grove Mills from a five-year rolling sample, and with about 1,653 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 Centre 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.
Pine Grove Mills against Centre County and Pennsylvania
| Measure | Pine Grove Mills | Centre County |
|---|---|---|
| Median home value | $313,500 | $308,100 |
| Median property tax | $3,655 | $3,282 |
| Effective tax rate | 1.166% | 1.065% |
| Median gross rent | — | $1,181 |
| Population | 1,653 | 158,041 |
The weather behind that power bill
Pine Grove Mills sits in Centre County, which averages a high of 81.1°F in its hottest month and a low of 20.5°F in its coldest, with 41.53" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 666 cooling and 6,049 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Centre County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Centre County
Full Centre County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Pine Grove Mills 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 Pine Grove Mills every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pine Grove Mills I already own here and may sell
Common questions
How much does it cost to own a home in Pine Grove Mills?
A $314,000 home in Pine Grove Mills, Pennsylvania costs approximately $2,629 per month with 20% down at 7.24%. That is $1,712 principal and interest, $305 property tax, $105 homeowners insurance, $246 utilities and $262 set aside for maintenance.
What is the property tax rate in Pine Grove Mills?
Pine Grove Mills has an effective property tax rate of 1.166%, based on a median home value of $313,500 and median real estate taxes of $3,655. That is higher than the Centre County average of 1.065%.
What is the average home price in Pine Grove Mills?
The median owner-occupied home value in Pine Grove Mills, Pennsylvania is $313,500, against $308,100 across Centre County.
Is it cheaper to rent or buy in Pine Grove Mills?
Rent data is not published for Pine Grove Mills at this level of detail.
What salary do you need to buy a home in Pine Grove Mills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pine Grove Mills, Pennsylvania at today's rate takes a household income of roughly $112,500 a year. That covers the full $2,629 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pine Grove Mills, 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.