Total monthly cost of ownership
Cost to Own a Home in Lorenz Park, New York
A $199,000 home here costs
$1,935per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,023. The real number is $912 higher every month — 89% 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.
Lorenz Park against Columbia County and New York
| Measure | Lorenz Park | Columbia County |
|---|---|---|
| Median home value | $198,700 | $309,800 |
| Median property tax | $4,378 | $4,795 |
| Effective tax rate | 2.203% | 1.548% |
| Median gross rent | $1,012 | $1,199 |
| Population | 1,947 | 61,245 |
The weather behind that power bill
Lorenz Park sits in Columbia County, which averages a high of 85.4°F in its hottest month and a low of 17.8°F in its coldest, with 44.1" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 813 cooling and 5,829 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Columbia County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Columbia County
Full Columbia County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Lorenz Park?
A $199,000 home in Lorenz Park, New York costs approximately $1,935 per month with 20% down at 6.66%. That is $1,023 principal and interest, $365 property tax, $44 homeowners insurance, $337 utilities and $166 set aside for maintenance.
What is the property tax rate in Lorenz Park?
Lorenz Park has an effective property tax rate of 2.203%, based on a median home value of $198,700 and median real estate taxes of $4,378. That is higher than the Columbia County average of 1.548%.
What is the average home price in Lorenz Park?
The median owner-occupied home value in Lorenz Park, New York is $198,700, against $309,800 across Columbia County.
Is it cheaper to rent or buy in Lorenz Park?
Median gross rent in Lorenz Park is $1,012 a month, against $1,935 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 Lorenz 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.