Total monthly cost of ownership
Cost to Own a Home in Lowville, New York
A $160,000 home here costs
$1,570per 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 $67,500 a year.
A standard mortgage calculator would have told you $872. The real number is $697 higher every month, 80% more than the payment most buyers budget for.
Compare Lewis County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lowville from a five-year rolling sample, and with about 3,432 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 Lewis 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.
Lowville against Lewis County and New York
| Measure | Lowville | Lewis County |
|---|---|---|
| Median home value | $159,600 | $158,000 |
| Median property tax | $3,558 | $2,682 |
| Effective tax rate | 2.229% | 1.697% |
| Median gross rent | $747 | $821 |
| Population | 3,432 | 26,618 |
The weather behind that power bill
Lowville sits in Lewis County, which averages a high of 78.4°F in its hottest month and a low of 8.0°F in its coldest, with 41.83" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 320 cooling and 8,050 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Lewis County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lewis County
No other places of this size are published in Lewis County.
Talk to someone who works this market
These are Lowville 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 Lowville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lowville I already own here and may sell
Common questions
How much does it cost to own a home in Lowville?
A $160,000 home in Lowville, New York costs approximately $1,570 per month with 20% down at 7.24%. That is $872 principal and interest, $297 property tax, $35 homeowners insurance, $232 utilities and $133 set aside for maintenance.
What is the property tax rate in Lowville?
Lowville has an effective property tax rate of 2.229%, based on a median home value of $159,600 and median real estate taxes of $3,558. That is higher than the Lewis County average of 1.697%.
What is the average home price in Lowville?
The median owner-occupied home value in Lowville, New York is $159,600, against $158,000 across Lewis County.
Is it cheaper to rent or buy in Lowville?
Median gross rent in Lowville is $747 a month, against $1,570 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 Lowville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lowville, New York at today's rate takes a household income of roughly $67,500 a year. That covers the full $1,570 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lowville, 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.