Total monthly cost of ownership
Cost to Own a Home in Cazenovia, New York
A $259,000 home here costs
$2,534per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,332. The real number is $1,203 higher every month — 90% 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.
Cazenovia against Madison County and New York
| Measure | Cazenovia | Madison County |
|---|---|---|
| Median home value | $258,700 | $176,800 |
| Median property tax | $7,106 | $4,058 |
| Effective tax rate | 2.747% | 2.295% |
| Median gross rent | $1,170 | $891 |
| Population | 2,760 | 67,572 |
The weather behind that power bill
Cazenovia sits in Madison County, which averages a high of 77.2°F in its hottest month and a low of 11.3°F in its coldest, with 48.14" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 284 cooling and 7,805 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Cazenovia?
A $259,000 home in Cazenovia, New York costs approximately $2,534 per month with 20% down at 6.66%. That is $1,332 principal and interest, $593 property tax, $57 homeowners insurance, $337 utilities and $216 set aside for maintenance.
What is the property tax rate in Cazenovia?
Cazenovia has an effective property tax rate of 2.747%, based on a median home value of $258,700 and median real estate taxes of $7,106. That is higher than the Madison County average of 2.295%.
What is the average home price in Cazenovia?
The median owner-occupied home value in Cazenovia, New York is $258,700, against $176,800 across Madison County.
Is it cheaper to rent or buy in Cazenovia?
Median gross rent in Cazenovia is $1,170 a month, against $2,534 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 Cazenovia — 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.