Total monthly cost of ownership
Cost to Own a Home in Horseheads North, New York
A $207,000 home here costs
$1,954per 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 $84,000 a year.
A standard mortgage calculator would have told you $1,129. The real number is $826 higher every month, 73% more than the payment most buyers budget for.
Compare Chemung County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Horseheads North from a five-year rolling sample, and with about 2,600 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Chemung County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Horseheads North against Chemung County and New York
| Measure | Horseheads North | Chemung County |
|---|---|---|
| Median home value | $206,800 | $132,100 |
| Median property tax | $4,510 | $3,332 |
| Effective tax rate | 2.181% | 2.522% |
| Median gross rent | $1,176 | $1,020 |
| Population | 2,600 | 82,805 |
The weather behind that power bill
Horseheads North sits in Chemung County, which averages a high of 82.4°F in its hottest month and a low of 16.4°F in its coldest, with 32.36" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 490 cooling and 6,648 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Chemung County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chemung County
Full Chemung County cost breakdown · Every county in New York
Talk to someone who works this market
These are Horseheads North 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 Horseheads North every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Horseheads North I already own here and may sell
Common questions
How much does it cost to own a home in Horseheads North?
A $207,000 home in Horseheads North, New York costs approximately $1,954 per month with 20% down at 7.24%. That is $1,129 principal and interest, $376 property tax, $46 homeowners insurance, $232 utilities and $173 set aside for maintenance.
What is the property tax rate in Horseheads North?
Horseheads North has an effective property tax rate of 2.181%, based on a median home value of $206,800 and median real estate taxes of $4,510. That is lower than the Chemung County average of 2.522%.
What is the average home price in Horseheads North?
The median owner-occupied home value in Horseheads North, New York is $206,800, against $132,100 across Chemung County.
Is it cheaper to rent or buy in Horseheads North?
Median gross rent in Horseheads North is $1,176 a month, against $1,954 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 Horseheads North?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Horseheads North, New York at today's rate takes a household income of roughly $84,000 a year. That covers the full $1,954 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Horseheads North, 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.