Total monthly cost of ownership
Cost to Own a Home in Amsterdam, New York
A $120,000 home here costs
$1,409per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $792 higher every month — 128% 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.
Amsterdam against Montgomery County and New York
| Measure | Amsterdam | Montgomery County |
|---|---|---|
| Median home value | $119,800 | $141,600 |
| Median property tax | $3,935 | $3,630 |
| Effective tax rate | 3.285% | 2.564% |
| Median gross rent | $955 | $921 |
| Population | 18,162 | 49,461 |
The weather behind that power bill
Amsterdam sits in Montgomery County, which averages a high of 76.7°F in its hottest month and a low of 7.1°F in its coldest, with 50.73" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 164 cooling and 8,675 heating degree days, which is what sets the $269 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 New York
Common questions
How much does it cost to own a home in Amsterdam?
A $120,000 home in Amsterdam, New York costs approximately $1,409 per month with 20% down at 6.66%. That is $617 principal and interest, $329 property tax, $26 homeowners insurance, $337 utilities and $100 set aside for maintenance.
What is the property tax rate in Amsterdam?
Amsterdam has an effective property tax rate of 3.285%, based on a median home value of $119,800 and median real estate taxes of $3,935. That is higher than the Montgomery County average of 2.564%.
What is the average home price in Amsterdam?
The median owner-occupied home value in Amsterdam, New York is $119,800, against $141,600 across Montgomery County.
Is it cheaper to rent or buy in Amsterdam?
Median gross rent in Amsterdam is $955 a month, against $1,409 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 Amsterdam — 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.