Total monthly cost of ownership
Cost to Own a Home in Arcade, New York
A $166,000 home here costs
$1,631per 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 $70,000 a year.
A standard mortgage calculator would have told you $905. The real number is $726 higher every month, 80% more than the payment most buyers budget for.
Compare Wyoming County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Arcade from a five-year rolling sample, and with about 1,912 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Wyoming County figures are drawn from a far larger sample if you want a steadier number.
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 $164 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
Talk to someone who works this market
These are Arcade 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 Arcade every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Arcade I already own here and may sell
Common questions
How much does it cost to own a home in Arcade?
A $166,000 home in Arcade, New York costs approximately $1,631 per month with 20% down at 7.24%. That is $905 principal and interest, $319 property tax, $37 homeowners insurance, $232 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 $1,631 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Arcade?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Arcade, New York at today's rate takes a household income of roughly $70,000 a year. That covers the full $1,631 monthly cost, not just the mortgage payment.
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.