Total monthly cost of ownership
Cost to Own a Home in Medina, New York
A $102,000 home here costs
$1,284per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $759 higher every month — 145% 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.
Medina against Orleans County and New York
| Measure | Medina | Orleans County |
|---|---|---|
| Median home value | $101,500 | $126,200 |
| Median property tax | $3,758 | $3,781 |
| Effective tax rate | 3.702% | 2.996% |
| Median gross rent | $902 | $877 |
| Population | 5,799 | 39,686 |
The weather behind that power bill
Medina sits in Orleans County, which averages a high of 82.7°F in its hottest month and a low of 17.6°F in its coldest, with 35.24" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 674 cooling and 6,366 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Orleans County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orleans County
Full Orleans County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Medina?
A $102,000 home in Medina, New York costs approximately $1,284 per month with 20% down at 6.66%. That is $524 principal and interest, $315 property tax, $22 homeowners insurance, $337 utilities and $85 set aside for maintenance.
What is the property tax rate in Medina?
Medina has an effective property tax rate of 3.702%, based on a median home value of $101,500 and median real estate taxes of $3,758. That is higher than the Orleans County average of 2.996%.
What is the average home price in Medina?
The median owner-occupied home value in Medina, New York is $101,500, against $126,200 across Orleans County.
Is it cheaper to rent or buy in Medina?
Median gross rent in Medina is $902 a month, against $1,284 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 Medina — 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.