Total monthly cost of ownership
Cost to Own a Home in Broadalbin, New York
A $165,000 home here costs
$1,662per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $813 higher every month — 96% 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.
Broadalbin against Fulton County and New York
| Measure | Broadalbin | Fulton County |
|---|---|---|
| Median home value | $164,700 | $156,100 |
| Median property tax | $3,624 | $3,325 |
| Effective tax rate | 2.200% | 2.130% |
| Median gross rent | $896 | $883 |
| Population | 1,800 | 52,787 |
The weather behind that power bill
Broadalbin sits in Fulton 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 Fulton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fulton County
Full Fulton County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Broadalbin?
A $165,000 home in Broadalbin, New York costs approximately $1,662 per month with 20% down at 6.66%. That is $848 principal and interest, $303 property tax, $36 homeowners insurance, $337 utilities and $138 set aside for maintenance.
What is the property tax rate in Broadalbin?
Broadalbin has an effective property tax rate of 2.200%, based on a median home value of $164,700 and median real estate taxes of $3,624. That is higher than the Fulton County average of 2.130%.
What is the average home price in Broadalbin?
The median owner-occupied home value in Broadalbin, New York is $164,700, against $156,100 across Fulton County.
Is it cheaper to rent or buy in Broadalbin?
Median gross rent in Broadalbin is $896 a month, against $1,662 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 Broadalbin — 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.