Total monthly cost of ownership
Cost to Own a Home in Monsey, New York
A $830,000 home here costs
$6,312per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $4,267. The real number is $2,045 higher every month — 48% 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.
Monsey against Rockland County and New York
| Measure | Monsey | Rockland County |
|---|---|---|
| Median home value | $829,700 | $564,200 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 1.205% | 1.773% |
| Median gross rent | $1,780 | $1,826 |
| Population | 27,787 | 338,936 |
The weather behind that power bill
Monsey sits in Rockland County, which averages a high of 83.2°F in its hottest month and a low of 22.4°F in its coldest, with 47.75" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 787 cooling and 5,492 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Rockland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rockland County
Full Rockland County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Monsey?
A $830,000 home in Monsey, New York costs approximately $6,312 per month with 20% down at 6.66%. That is $4,267 principal and interest, $833 property tax, $183 homeowners insurance, $337 utilities and $692 set aside for maintenance.
What is the property tax rate in Monsey?
Monsey has an effective property tax rate of 1.205%, based on a median home value of $829,700 and median real estate taxes of $10,001. That is lower than the Rockland County average of 1.773%.
What is the average home price in Monsey?
The median owner-occupied home value in Monsey, New York is $829,700, against $564,200 across Rockland County.
Is it cheaper to rent or buy in Monsey?
Median gross rent in Monsey is $1,780 a month, against $6,312 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 Monsey — 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.