Total monthly cost of ownership
Cost to Own a Home in Arcade, New York
A $166,000 home here costs
$1,684per 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 $831 higher every month — 97% 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.
Arcade against Wyoming County and New York
| Measure | Arcade | Wyoming County |
|---|---|---|
| Median home value | $166,400 | $154,700 |
| Median property tax | $3,839 | $3,557 |
| Effective tax rate | 2.307% | 2.299% |
| Median gross rent | $735 | $782 |
| Population | 1,912 | 39,980 |
The weather behind that power bill
Arcade sits in Wyoming County, which averages a high of 76.0°F in its hottest month and a low of 13.0°F in its coldest, with 45.19" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 301 cooling and 7,773 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Wyoming County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wyoming County
Full Wyoming County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Arcade?
A $166,000 home in Arcade, New York costs approximately $1,684 per month with 20% down at 6.66%. That is $853 principal and interest, $319 property tax, $37 homeowners insurance, $337 utilities and $138 set aside for maintenance.
What is the property tax rate in Arcade?
Arcade has an effective property tax rate of 2.307%, based on a median home value of $166,400 and median real estate taxes of $3,839. That is in line with the Wyoming County average of 2.299%.
What is the average home price in Arcade?
The median owner-occupied home value in Arcade, New York is $166,400, against $154,700 across Wyoming County.
Is it cheaper to rent or buy in Arcade?
Median gross rent in Arcade is $735 a month, against $1,684 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 Arcade — 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.