Total monthly cost of ownership
Cost to Own a Home in Monticello, New York
A $153,000 home here costs
$1,672per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $787. The real number is $885 higher every month — 113% 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.
Monticello against Sullivan County and New York
| Measure | Monticello | Sullivan County |
|---|---|---|
| Median home value | $152,600 | $234,800 |
| Median property tax | $4,629 | $5,082 |
| Effective tax rate | 3.033% | 2.164% |
| Median gross rent | $977 | $999 |
| Population | 7,252 | 79,147 |
The weather behind that power bill
Monticello sits in Sullivan County, which averages a high of 78.9°F in its hottest month and a low of 13.2°F in its coldest, with 53.08" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 292 cooling and 7,444 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Sullivan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sullivan County
Full Sullivan County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Monticello?
A $153,000 home in Monticello, New York costs approximately $1,672 per month with 20% down at 6.66%. That is $787 principal and interest, $387 property tax, $34 homeowners insurance, $337 utilities and $128 set aside for maintenance.
What is the property tax rate in Monticello?
Monticello has an effective property tax rate of 3.033%, based on a median home value of $152,600 and median real estate taxes of $4,629. That is higher than the Sullivan County average of 2.164%.
What is the average home price in Monticello?
The median owner-occupied home value in Monticello, New York is $152,600, against $234,800 across Sullivan County.
Is it cheaper to rent or buy in Monticello?
Median gross rent in Monticello is $977 a month, against $1,672 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 Monticello — 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.