Total monthly cost of ownership
Cost to Own a Home in Villanova, Pennsylvania
A $946,000 home here costs
$7,342per 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 $314,500 a year.
A standard mortgage calculator would have told you $5,158. The real number is $2,184 higher every month, 42% more than the payment most buyers budget for.
Compare Montgomery County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Villanova against Montgomery County and Pennsylvania
| Measure | Villanova | Montgomery County |
|---|---|---|
| Median home value | $945,600 | $409,900 |
| Median property tax | $10,001 | $5,776 |
| Effective tax rate | 1.058% | 1.409% |
| Median gross rent | — | $1,612 |
| Population | 8,431 | 861,225 |
Villanova extends across 2 counties. Figures here use Montgomery County, where most of its housing sits.
The weather behind that power bill
Villanova sits in Montgomery County, which averages a high of 86.0°F in its hottest month and a low of 20.3°F in its coldest, with 48.52" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 906 cooling and 5,475 heating degree days, which is what sets the $178 electricity line above.
See the full climate breakdown for Montgomery County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Pennsylvania
Talk to someone who works this market
These are Villanova 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 Villanova every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Villanova I already own here and may sell
Common questions
How much does it cost to own a home in Villanova?
A $946,000 home in Villanova, Pennsylvania costs approximately $7,342 per month with 20% down at 7.24%. That is $5,158 principal and interest, $834 property tax, $316 homeowners insurance, $246 utilities and $788 set aside for maintenance.
What is the property tax rate in Villanova?
Villanova has an effective property tax rate of 1.058%, based on a median home value of $945,600 and median real estate taxes of $10,001. That is lower than the Montgomery County average of 1.409%.
What is the average home price in Villanova?
The median owner-occupied home value in Villanova, Pennsylvania is $945,600, against $409,900 across Montgomery County.
Is it cheaper to rent or buy in Villanova?
Rent data is not published for Villanova at this level of detail.
What salary do you need to buy a home in Villanova?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Villanova, Pennsylvania at today's rate takes a household income of roughly $314,500 a year. That covers the full $7,342 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Villanova, 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.