Total monthly cost of ownership
Cost to Own a Home in Ridgway, Pennsylvania
A $87,000 home here costs
$930per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $483 higher every month — 108% 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.
Ridgway against Elk County and Pennsylvania
| Measure | Ridgway | Elk County |
|---|---|---|
| Median home value | $87,000 | $128,600 |
| Median property tax | $1,437 | $1,686 |
| Effective tax rate | 1.652% | 1.311% |
| Median gross rent | $676 | $720 |
| Population | 3,991 | 30,703 |
The weather behind that power bill
Ridgway sits in Elk County, which averages a high of 81.2°F in its hottest month and a low of 16.2°F in its coldest, with 45.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 406 cooling and 6,730 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Elk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Elk County
Full Elk County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Ridgway?
A $87,000 home in Ridgway, Pennsylvania costs approximately $930 per month with 20% down at 6.66%. That is $447 principal and interest, $120 property tax, $29 homeowners insurance, $262 utilities and $73 set aside for maintenance.
What is the property tax rate in Ridgway?
Ridgway has an effective property tax rate of 1.652%, based on a median home value of $87,000 and median real estate taxes of $1,437. That is higher than the Elk County average of 1.311%.
What is the average home price in Ridgway?
The median owner-occupied home value in Ridgway, Pennsylvania is $87,000, against $128,600 across Elk County.
Is it cheaper to rent or buy in Ridgway?
Median gross rent in Ridgway is $676 a month, against $930 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 Ridgway — 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.