Total monthly cost of ownership
Cost to Own a Home in Punxsutawney, Pennsylvania
A $103,000 home here costs
$997per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $530. The real number is $468 higher every month — 88% 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.
Punxsutawney against Jefferson County and Pennsylvania
| Measure | Punxsutawney | Jefferson County |
|---|---|---|
| Median home value | $102,500 | $126,700 |
| Median property tax | $1,023 | $1,411 |
| Effective tax rate | 0.998% | 1.114% |
| Median gross rent | $796 | $746 |
| Population | 5,689 | 44,099 |
The weather behind that power bill
Punxsutawney sits in Jefferson County, which averages a high of 79.3°F in its hottest month and a low of 17.4°F in its coldest, with 42.42" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 413 cooling and 6,673 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Punxsutawney?
A $103,000 home in Punxsutawney, Pennsylvania costs approximately $997 per month with 20% down at 6.66%. That is $530 principal and interest, $86 property tax, $34 homeowners insurance, $262 utilities and $86 set aside for maintenance.
What is the property tax rate in Punxsutawney?
Punxsutawney has an effective property tax rate of 0.998%, based on a median home value of $102,500 and median real estate taxes of $1,023. That is lower than the Jefferson County average of 1.114%.
What is the average home price in Punxsutawney?
The median owner-occupied home value in Punxsutawney, Pennsylvania is $102,500, against $126,700 across Jefferson County.
Is it cheaper to rent or buy in Punxsutawney?
Median gross rent in Punxsutawney is $796 a month, against $997 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 Punxsutawney — 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.