Total monthly cost of ownership
Cost to Own a Home in Canandaigua, New York
A $218,000 home here costs
$2,069per 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 $88,500 a year.
A standard mortgage calculator would have told you $1,189. The real number is $881 higher every month, 74% more than the payment most buyers budget for.
Compare Ontario County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Canandaigua against Ontario County and New York
| Measure | Canandaigua | Ontario County |
|---|---|---|
| Median home value | $218,300 | $202,900 |
| Median property tax | $5,041 | $4,460 |
| Effective tax rate | 2.309% | 2.198% |
| Median gross rent | $1,093 | $1,126 |
| Population | 10,542 | 112,405 |
The weather behind that power bill
Canandaigua sits in Ontario County, which averages a high of 81.4°F in its hottest month and a low of 17.8°F in its coldest, with 35.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 632 cooling and 6,513 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Ontario County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ontario County
Full Ontario County cost breakdown · Every county in New York
Talk to someone who works this market
These are Canandaigua 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 Canandaigua every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Canandaigua I already own here and may sell
Common questions
How much does it cost to own a home in Canandaigua?
A $218,000 home in Canandaigua, New York costs approximately $2,069 per month with 20% down at 7.24%. That is $1,189 principal and interest, $419 property tax, $48 homeowners insurance, $232 utilities and $182 set aside for maintenance.
What is the property tax rate in Canandaigua?
Canandaigua has an effective property tax rate of 2.309%, based on a median home value of $218,300 and median real estate taxes of $5,041. That is higher than the Ontario County average of 2.198%.
What is the average home price in Canandaigua?
The median owner-occupied home value in Canandaigua, New York is $218,300, against $202,900 across Ontario County.
Is it cheaper to rent or buy in Canandaigua?
Median gross rent in Canandaigua is $1,093 a month, against $2,069 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 Canandaigua?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Canandaigua, New York at today's rate takes a household income of roughly $88,500 a year. That covers the full $2,069 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Canandaigua, 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.