Total monthly cost of ownership
Cost to Own a Home in East Aurora, New York
A $335,000 home here costs
$2,971per 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 $127,500 a year.
A standard mortgage calculator would have told you $1,826. The real number is $1,144 higher every month, 63% more than the payment most buyers budget for.
Compare Erie 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.
East Aurora against Erie County and New York
| Measure | East Aurora | Erie County |
|---|---|---|
| Median home value | $334,500 | $217,400 |
| Median property tax | $6,710 | $4,525 |
| Effective tax rate | 2.006% | 2.081% |
| Median gross rent | $1,116 | $1,037 |
| Population | 5,997 | 950,044 |
The weather behind that power bill
East Aurora sits in Erie County, which averages a high of 80.2°F in its hottest month and a low of 19.0°F in its coldest, with 40.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 608 cooling and 6,466 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Erie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Erie County
Talk to someone who works this market
These are East Aurora 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 East Aurora every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in East Aurora I already own here and may sell
Common questions
How much does it cost to own a home in East Aurora?
A $335,000 home in East Aurora, New York costs approximately $2,971 per month with 20% down at 7.24%. That is $1,826 principal and interest, $560 property tax, $74 homeowners insurance, $232 utilities and $279 set aside for maintenance.
What is the property tax rate in East Aurora?
East Aurora has an effective property tax rate of 2.006%, based on a median home value of $334,500 and median real estate taxes of $6,710. That is lower than the Erie County average of 2.081%.
What is the average home price in East Aurora?
The median owner-occupied home value in East Aurora, New York is $334,500, against $217,400 across Erie County.
Is it cheaper to rent or buy in East Aurora?
Median gross rent in East Aurora is $1,116 a month, against $2,971 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 East Aurora?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in East Aurora, New York at today's rate takes a household income of roughly $127,500 a year. That covers the full $2,971 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for East Aurora, 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.