Total monthly cost of ownership
Cost to Own a Home in Towanda, Pennsylvania
A $166,000 home here costs
$1,525per 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 $672 higher every month — 79% 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.
Towanda against Bradford County and Pennsylvania
| Measure | Towanda | Bradford County |
|---|---|---|
| Median home value | $166,100 | $182,300 |
| Median property tax | $2,596 | $2,110 |
| Effective tax rate | 1.563% | 1.157% |
| Median gross rent | $1,008 | $868 |
| Population | 2,796 | 59,971 |
The weather behind that power bill
Towanda sits in Bradford County, which averages a high of 83.7°F in its hottest month and a low of 17.1°F in its coldest, with 38.62" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 594 cooling and 6,359 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Bradford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bradford County
Full Bradford County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Towanda?
A $166,000 home in Towanda, Pennsylvania costs approximately $1,525 per month with 20% down at 6.66%. That is $853 principal and interest, $216 property tax, $55 homeowners insurance, $262 utilities and $138 set aside for maintenance.
What is the property tax rate in Towanda?
Towanda has an effective property tax rate of 1.563%, based on a median home value of $166,100 and median real estate taxes of $2,596. That is higher than the Bradford County average of 1.157%.
What is the average home price in Towanda?
The median owner-occupied home value in Towanda, Pennsylvania is $166,100, against $182,300 across Bradford County.
Is it cheaper to rent or buy in Towanda?
Median gross rent in Towanda is $1,008 a month, against $1,525 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 Towanda — 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.