Total monthly cost of ownership
Cost to Own a Home in Keuka Park, New York
A $419,000 home here costs
$3,554per 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 $152,500 a year.
A standard mortgage calculator would have told you $2,284. The real number is $1,269 higher every month, 56% more than the payment most buyers budget for.
Compare Yates County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Keuka Park from a five-year rolling sample, and with about 1,103 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 Yates 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.
Keuka Park against Yates County and New York
| Measure | Keuka Park | Yates County |
|---|---|---|
| Median home value | $418,800 | $178,000 |
| Median property tax | $7,153 | $3,417 |
| Effective tax rate | 1.708% | 1.920% |
| Median gross rent | $985 | $802 |
| Population | 1,103 | 24,637 |
The weather behind that power bill
Keuka Park sits in Yates County, which averages a high of 81.4°F in its hottest month and a low of 17.5°F in its coldest, with 30.24" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 596 cooling and 6,505 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Yates County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yates County
Talk to someone who works this market
These are Keuka Park 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 Keuka Park every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Keuka Park I already own here and may sell
Common questions
How much does it cost to own a home in Keuka Park?
A $419,000 home in Keuka Park, New York costs approximately $3,554 per month with 20% down at 7.24%. That is $2,284 principal and interest, $596 property tax, $92 homeowners insurance, $232 utilities and $349 set aside for maintenance.
What is the property tax rate in Keuka Park?
Keuka Park has an effective property tax rate of 1.708%, based on a median home value of $418,800 and median real estate taxes of $7,153. That is lower than the Yates County average of 1.920%.
What is the average home price in Keuka Park?
The median owner-occupied home value in Keuka Park, New York is $418,800, against $178,000 across Yates County.
Is it cheaper to rent or buy in Keuka Park?
Median gross rent in Keuka Park is $985 a month, against $3,554 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 Keuka Park?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Keuka Park, New York at today's rate takes a household income of roughly $152,500 a year. That covers the full $3,554 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Keuka Park, 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.