Total monthly cost of ownership
Cost to Own a Home in Cooperstown, New York
A $376,000 home here costs
$3,237per 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 $138,500 a year.
A standard mortgage calculator would have told you $2,050. The real number is $1,187 higher every month, 58% more than the payment most buyers budget for.
Compare Otsego County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cooperstown from a five-year rolling sample, and with about 2,113 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Otsego County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cooperstown against Otsego County and New York
| Measure | Cooperstown | Otsego County |
|---|---|---|
| Median home value | $376,200 | $175,900 |
| Median property tax | $6,712 | $2,911 |
| Effective tax rate | 1.784% | 1.655% |
| Median gross rent | $1,149 | $942 |
| Population | 2,113 | 59,738 |
The weather behind that power bill
Cooperstown sits in Otsego County, which averages a high of 72.6°F in its hottest month and a low of 13.6°F in its coldest, with 47.59" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 188 cooling and 8,232 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Otsego County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otsego County
Full Otsego County cost breakdown · Every county in New York
Talk to someone who works this market
These are Cooperstown 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 Cooperstown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cooperstown I already own here and may sell
Common questions
How much does it cost to own a home in Cooperstown?
A $376,000 home in Cooperstown, New York costs approximately $3,237 per month with 20% down at 7.24%. That is $2,050 principal and interest, $559 property tax, $83 homeowners insurance, $232 utilities and $313 set aside for maintenance.
What is the property tax rate in Cooperstown?
Cooperstown has an effective property tax rate of 1.784%, based on a median home value of $376,200 and median real estate taxes of $6,712. That is higher than the Otsego County average of 1.655%.
What is the average home price in Cooperstown?
The median owner-occupied home value in Cooperstown, New York is $376,200, against $175,900 across Otsego County.
Is it cheaper to rent or buy in Cooperstown?
Median gross rent in Cooperstown is $1,149 a month, against $3,237 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 Cooperstown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cooperstown, New York at today's rate takes a household income of roughly $138,500 a year. That covers the full $3,237 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cooperstown, 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.