Total monthly cost of ownership
Cost to Own a Home in Milton (Saratoga County), New York
A $330,000 home here costs
$2,770per 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 $118,500 a year.
A standard mortgage calculator would have told you $1,799. The real number is $971 higher every month, 54% more than the payment most buyers budget for.
Compare Saratoga County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Milton (Saratoga County) from a five-year rolling sample, and with about 4,353 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 Saratoga 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.
Milton (Saratoga County) against Saratoga County and New York
| Measure | Milton (Saratoga County) | Saratoga County |
|---|---|---|
| Median home value | $330,100 | $324,800 |
| Median property tax | $4,707 | $4,843 |
| Effective tax rate | 1.426% | 1.491% |
| Median gross rent | $1,881 | $1,347 |
| Population | 4,353 | 237,075 |
The weather behind that power bill
Milton (Saratoga County) sits in Saratoga County, which averages a high of 83.8°F in its hottest month and a low of 14.3°F in its coldest, with 46.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 670 cooling and 6,507 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Saratoga County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Saratoga County
Full Saratoga County cost breakdown · Every county in New York
Talk to someone who works this market
These are Milton (Saratoga County) 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 Milton (Saratoga County) every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Milton (Saratoga County) I already own here and may sell
Common questions
How much does it cost to own a home in Milton (Saratoga County)?
A $330,000 home in Milton (Saratoga County), New York costs approximately $2,770 per month with 20% down at 7.24%. That is $1,799 principal and interest, $392 property tax, $73 homeowners insurance, $232 utilities and $275 set aside for maintenance.
What is the property tax rate in Milton (Saratoga County)?
Milton (Saratoga County) has an effective property tax rate of 1.426%, based on a median home value of $330,100 and median real estate taxes of $4,707. That is lower than the Saratoga County average of 1.491%.
What is the average home price in Milton (Saratoga County)?
The median owner-occupied home value in Milton (Saratoga County), New York is $330,100, against $324,800 across Saratoga County.
Is it cheaper to rent or buy in Milton (Saratoga County)?
Median gross rent in Milton (Saratoga County) is $1,881 a month, against $2,770 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 Milton (Saratoga County)?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Milton (Saratoga County), New York at today's rate takes a household income of roughly $118,500 a year. That covers the full $2,770 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Milton (Saratoga County), 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.