Total monthly cost of ownership
Cost to Own a Home in Fort Covington, New York
A $113,000 home here costs
$1,191per 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 $610 higher every month — 105% 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.
Fort Covington against Franklin County and New York
| Measure | Fort Covington | Franklin County |
|---|---|---|
| Median home value | $113,000 | $128,600 |
| Median property tax | $1,844 | $2,418 |
| Effective tax rate | 1.632% | 1.880% |
| Median gross rent | $820 | $819 |
| Population | 1,053 | 47,066 |
The weather behind that power bill
Fort Covington sits in Franklin County, which averages a high of 76.6°F in its hottest month and a low of 2.3°F in its coldest, with 36.61" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 120 cooling and 9,302 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Fort Covington?
A $113,000 home in Fort Covington, New York costs approximately $1,191 per month with 20% down at 6.66%. That is $581 principal and interest, $154 property tax, $25 homeowners insurance, $337 utilities and $94 set aside for maintenance.
What is the property tax rate in Fort Covington?
Fort Covington has an effective property tax rate of 1.632%, based on a median home value of $113,000 and median real estate taxes of $1,844. That is lower than the Franklin County average of 1.880%.
What is the average home price in Fort Covington?
The median owner-occupied home value in Fort Covington, New York is $113,000, against $128,600 across Franklin County.
Is it cheaper to rent or buy in Fort Covington?
Median gross rent in Fort Covington is $820 a month, against $1,191 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 Fort Covington — 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.