Total monthly cost of ownership
Cost to Own a Home in Albion, New York
A $81,000 home here costs
$1,135per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $416. The real number is $719 higher every month — 173% 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.
Albion against Orleans County and New York
| Measure | Albion | Orleans County |
|---|---|---|
| Median home value | $81,300 | $126,200 |
| Median property tax | $3,567 | $3,781 |
| Effective tax rate | 4.387% | 2.996% |
| Median gross rent | $914 | $877 |
| Population | 5,495 | 39,686 |
The weather behind that power bill
Albion sits in Orleans County, which averages a high of 82.7°F in its hottest month and a low of 17.6°F in its coldest, with 35.24" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 674 cooling and 6,366 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Orleans County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orleans County
Full Orleans County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Albion?
A $81,000 home in Albion, New York costs approximately $1,135 per month with 20% down at 6.66%. That is $416 principal and interest, $296 property tax, $18 homeowners insurance, $337 utilities and $68 set aside for maintenance.
What is the property tax rate in Albion?
Albion has an effective property tax rate of 4.387%, based on a median home value of $81,300 and median real estate taxes of $3,567. That is higher than the Orleans County average of 2.996%.
What is the average home price in Albion?
The median owner-occupied home value in Albion, New York is $81,300, against $126,200 across Orleans County.
Is it cheaper to rent or buy in Albion?
Median gross rent in Albion is $914 a month, against $1,135 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 Albion — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- 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.