Total monthly cost of ownership
Cost to Own a Home in Fredonia, New York
A $184,000 home here costs
$1,878per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $946. The real number is $932 higher every month — 99% 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.
Fredonia against Chautauqua County and New York
| Measure | Fredonia | Chautauqua County |
|---|---|---|
| Median home value | $184,400 | $119,300 |
| Median property tax | $4,827 | $2,846 |
| Effective tax rate | 2.618% | 2.386% |
| Median gross rent | $866 | $797 |
| Population | 9,601 | 126,329 |
The weather behind that power bill
Fredonia sits in Chautauqua County, which averages a high of 80.3°F in its hottest month and a low of 19.4°F in its coldest, with 45.66" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 667 cooling and 6,030 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Chautauqua County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chautauqua County
Full Chautauqua County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Fredonia?
A $184,000 home in Fredonia, New York costs approximately $1,878 per month with 20% down at 6.66%. That is $946 principal and interest, $401 property tax, $40 homeowners insurance, $337 utilities and $153 set aside for maintenance.
What is the property tax rate in Fredonia?
Fredonia has an effective property tax rate of 2.618%, based on a median home value of $184,400 and median real estate taxes of $4,827. That is higher than the Chautauqua County average of 2.386%.
What is the average home price in Fredonia?
The median owner-occupied home value in Fredonia, New York is $184,400, against $119,300 across Chautauqua County.
Is it cheaper to rent or buy in Fredonia?
Median gross rent in Fredonia is $866 a month, against $1,878 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 Fredonia — 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.