Total monthly cost of ownership
Cost to Own a Home in Greece, New York
A $158,000 home here costs
$1,677per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $72,000 a year.
A standard mortgage calculator would have told you $875. The real number is $802 higher every month, 92% more than the payment most buyers budget for.
Compare Monroe 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.
Greece against Monroe County and New York
| Measure | Greece | Monroe County |
|---|---|---|
| Median home value | $157,600 | $197,100 |
| Median property tax | $4,752 | $5,495 |
| Effective tax rate | 3.015% | 2.788% |
| Median gross rent | $1,043 | $1,126 |
| Population | 14,053 | 754,068 |
The weather behind that power bill
Greece 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 $171 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
Talk to someone who works this market
These are Greece 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 Greece every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Greece I already own here and may sell
Common questions
How much does it cost to own a home in Greece?
A $158,000 home in Greece, New York costs approximately $1,677 per month with 20% down at 7.4%. That is $875 principal and interest, $397 property tax, $35 homeowners insurance, $239 utilities and $132 set aside for maintenance.
What is the property tax rate in Greece?
Greece has an effective property tax rate of 3.015%, based on a median home value of $157,600 and median real estate taxes of $4,752. That is higher than the Monroe County average of 2.788%.
What is the average home price in Greece?
The median owner-occupied home value in Greece, New York is $157,600, against $197,100 across Monroe County.
Is it cheaper to rent or buy in Greece?
Median gross rent in Greece is $1,043 a month, against $1,677 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 Greece?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Greece, New York at today's rate takes a household income of roughly $72,000 a year. That covers the full $1,677 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Greece, 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.