Total monthly cost of ownership
Cost to Own a Home in Montour Falls, New York
A $116,000 home here costs
$1,320per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $724 higher every month — 121% 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.
Montour Falls against Schuyler County and New York
| Measure | Montour Falls | Schuyler County |
|---|---|---|
| Median home value | $115,500 | $163,300 |
| Median property tax | $3,162 | $3,165 |
| Effective tax rate | 2.738% | 1.938% |
| Median gross rent | $683 | $858 |
| Population | 1,666 | 17,749 |
The weather behind that power bill
Montour Falls sits in Schuyler County, which averages a high of 81.4°F in its hottest month and a low of 17.5°F in its coldest, with 30.24" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 596 cooling and 6,505 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Schuyler County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Schuyler County
Full Schuyler County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Montour Falls?
A $116,000 home in Montour Falls, New York costs approximately $1,320 per month with 20% down at 6.66%. That is $596 principal and interest, $265 property tax, $26 homeowners insurance, $337 utilities and $97 set aside for maintenance.
What is the property tax rate in Montour Falls?
Montour Falls has an effective property tax rate of 2.738%, based on a median home value of $115,500 and median real estate taxes of $3,162. That is higher than the Schuyler County average of 1.938%.
What is the average home price in Montour Falls?
The median owner-occupied home value in Montour Falls, New York is $115,500, against $163,300 across Schuyler County.
Is it cheaper to rent or buy in Montour Falls?
Median gross rent in Montour Falls is $683 a month, against $1,320 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 Montour Falls — 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.