Total monthly cost of ownership
Cost to Own a Home in Nassau, New York
A $229,000 home here costs
$2,203per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,177. The real number is $1,026 higher every month — 87% 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.
Nassau against Rensselaer County and New York
| Measure | Nassau | Rensselaer County |
|---|---|---|
| Median home value | $229,000 | $244,300 |
| Median property tax | $5,373 | $5,357 |
| Effective tax rate | 2.346% | 2.193% |
| Median gross rent | $920 | $1,182 |
| Population | 1,138 | 160,341 |
The weather behind that power bill
Nassau sits in Rensselaer County, which averages a high of 77.8°F in its hottest month and a low of 14.2°F in its coldest, with 47.14" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 348 cooling and 7,197 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Rensselaer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rensselaer County
Full Rensselaer County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Nassau?
A $229,000 home in Nassau, New York costs approximately $2,203 per month with 20% down at 6.66%. That is $1,177 principal and interest, $448 property tax, $50 homeowners insurance, $337 utilities and $191 set aside for maintenance.
What is the property tax rate in Nassau?
Nassau has an effective property tax rate of 2.346%, based on a median home value of $229,000 and median real estate taxes of $5,373. That is higher than the Rensselaer County average of 2.193%.
What is the average home price in Nassau?
The median owner-occupied home value in Nassau, New York is $229,000, against $244,300 across Rensselaer County.
Is it cheaper to rent or buy in Nassau?
Median gross rent in Nassau is $920 a month, against $2,203 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 Nassau — 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.