Total monthly cost of ownership
Cost to Own a Home in Throop, Pennsylvania
A $166,000 home here costs
$1,451per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $597 higher every month — 70% 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.
Throop against Lackawanna County and Pennsylvania
| Measure | Throop | Lackawanna County |
|---|---|---|
| Median home value | $166,100 | $189,900 |
| Median property tax | $1,705 | $2,910 |
| Effective tax rate | 1.026% | 1.532% |
| Median gross rent | $1,041 | $973 |
| Population | 4,069 | 215,834 |
The weather behind that power bill
Throop sits in Lackawanna County, which averages a high of 84.6°F in its hottest month and a low of 20.3°F in its coldest, with 38.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 791 cooling and 5,740 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Lackawanna County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lackawanna County
Full Lackawanna County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Throop?
A $166,000 home in Throop, Pennsylvania costs approximately $1,451 per month with 20% down at 6.66%. That is $853 principal and interest, $142 property tax, $55 homeowners insurance, $262 utilities and $138 set aside for maintenance.
What is the property tax rate in Throop?
Throop has an effective property tax rate of 1.026%, based on a median home value of $166,100 and median real estate taxes of $1,705. That is lower than the Lackawanna County average of 1.532%.
What is the average home price in Throop?
The median owner-occupied home value in Throop, Pennsylvania is $166,100, against $189,900 across Lackawanna County.
Is it cheaper to rent or buy in Throop?
Median gross rent in Throop is $1,041 a month, against $1,451 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 Throop — 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.