Total monthly cost of ownership
Cost to Own a Home in Deposit, New York
A $113,000 home here costs
$1,286per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $705 higher every month — 121% 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.
Deposit against Broome County and New York
| Measure | Deposit | Broome County |
|---|---|---|
| Median home value | $112,500 | $145,100 |
| Median property tax | $2,977 | $3,824 |
| Effective tax rate | 2.646% | 2.635% |
| Median gross rent | $583 | $914 |
| Population | 1,345 | 197,738 |
Deposit extends across 2 counties. Figures here use Broome County, where most of its housing sits.
The weather behind that power bill
Deposit sits in Broome County, which averages a high of 78.4°F in its hottest month and a low of 15.5°F in its coldest, with 42.04" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 383 cooling and 7,162 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Broome County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broome County
Full Broome County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Deposit?
A $113,000 home in Deposit, New York costs approximately $1,286 per month with 20% down at 6.66%. That is $581 principal and interest, $249 property tax, $25 homeowners insurance, $337 utilities and $94 set aside for maintenance.
What is the property tax rate in Deposit?
Deposit has an effective property tax rate of 2.646%, based on a median home value of $112,500 and median real estate taxes of $2,977. That is higher than the Broome County average of 2.635%.
What is the average home price in Deposit?
The median owner-occupied home value in Deposit, New York is $112,500, against $145,100 across Broome County.
Is it cheaper to rent or buy in Deposit?
Median gross rent in Deposit is $583 a month, against $1,286 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 Deposit — 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.