Total monthly cost of ownership
Cost to Own a Home in Auburn, New York
A $144,000 home here costs
$1,572per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $832 higher every month — 112% 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.
Auburn against Cayuga County and New York
| Measure | Auburn | Cayuga County |
|---|---|---|
| Median home value | $143,600 | $164,200 |
| Median property tax | $4,108 | $3,747 |
| Effective tax rate | 2.861% | 2.282% |
| Median gross rent | $867 | $895 |
| Population | 26,475 | 75,464 |
The weather behind that power bill
Auburn sits in Cayuga County, which averages a high of 81.1°F in its hottest month and a low of 15.4°F in its coldest, with 44.26" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 534 cooling and 6,892 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Cayuga County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cayuga County
Full Cayuga County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Auburn?
A $144,000 home in Auburn, New York costs approximately $1,572 per month with 20% down at 6.66%. That is $740 principal and interest, $343 property tax, $32 homeowners insurance, $337 utilities and $120 set aside for maintenance.
What is the property tax rate in Auburn?
Auburn has an effective property tax rate of 2.861%, based on a median home value of $143,600 and median real estate taxes of $4,108. That is higher than the Cayuga County average of 2.282%.
What is the average home price in Auburn?
The median owner-occupied home value in Auburn, New York is $143,600, against $164,200 across Cayuga County.
Is it cheaper to rent or buy in Auburn?
Median gross rent in Auburn is $867 a month, against $1,572 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 Auburn — 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.