Total monthly cost of ownership
Cost to Own a Home in Gates, New York
A $160,000 home here costs
$1,710per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $887 higher every month — 108% 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.
Gates against Monroe County and New York
| Measure | Gates | Monroe County |
|---|---|---|
| Median home value | $159,900 | $197,100 |
| Median property tax | $4,579 | $5,495 |
| Effective tax rate | 2.864% | 2.788% |
| Median gross rent | $1,525 | $1,126 |
| Population | 4,576 | 754,068 |
The weather behind that power bill
Gates sits in Monroe County, which averages a high of 82.5°F in its hottest month and a low of 19.0°F in its coldest, with 35.09" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 677 cooling and 6,273 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
Full Monroe County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Gates?
A $160,000 home in Gates, New York costs approximately $1,710 per month with 20% down at 6.66%. That is $823 principal and interest, $382 property tax, $35 homeowners insurance, $337 utilities and $133 set aside for maintenance.
What is the property tax rate in Gates?
Gates has an effective property tax rate of 2.864%, based on a median home value of $159,900 and median real estate taxes of $4,579. That is higher than the Monroe County average of 2.788%.
What is the average home price in Gates?
The median owner-occupied home value in Gates, New York is $159,900, against $197,100 across Monroe County.
Is it cheaper to rent or buy in Gates?
Median gross rent in Gates is $1,525 a month, against $1,710 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 Gates — 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.