Total monthly cost of ownership
Cost to Own a Home in Cold Spring, New York
A $591,000 home here costs
$4,832per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,038. The real number is $1,793 higher every month — 59% 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.
Cold Spring against Putnam County and New York
| Measure | Cold Spring | Putnam County |
|---|---|---|
| Median home value | $590,600 | $448,000 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 1.693% | 2.232% |
| Median gross rent | $1,734 | $1,824 |
| Population | 1,868 | 97,988 |
The weather behind that power bill
Cold Spring sits in Putnam County, which averages a high of 77.9°F in its hottest month and a low of 16.0°F in its coldest, with 50.35" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 405 cooling and 6,573 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Putnam County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Putnam County
Full Putnam County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Cold Spring?
A $591,000 home in Cold Spring, New York costs approximately $4,832 per month with 20% down at 6.66%. That is $3,038 principal and interest, $834 property tax, $130 homeowners insurance, $337 utilities and $493 set aside for maintenance.
What is the property tax rate in Cold Spring?
Cold Spring has an effective property tax rate of 1.693%, based on a median home value of $590,600 and median real estate taxes of $10,001. That is lower than the Putnam County average of 2.232%.
What is the average home price in Cold Spring?
The median owner-occupied home value in Cold Spring, New York is $590,600, against $448,000 across Putnam County.
Is it cheaper to rent or buy in Cold Spring?
Median gross rent in Cold Spring is $1,734 a month, against $4,832 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 Cold Spring — 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.