Total monthly cost of ownership
Cost to Own a Home in North Hornell, New York
A $162,000 home here costs
$1,627per 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 $69,500 a year.
A standard mortgage calculator would have told you $883. The real number is $744 higher every month, 84% more than the payment most buyers budget for.
Compare Steuben County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for North Hornell from a five-year rolling sample, and with about 1,055 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 Steuben 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.
North Hornell against Steuben County and New York
| Measure | North Hornell | Steuben County |
|---|---|---|
| Median home value | $161,500 | $128,600 |
| Median property tax | $4,090 | $3,245 |
| Effective tax rate | 2.533% | 2.523% |
| Median gross rent | $691 | $878 |
| Population | 1,055 | 93,034 |
The weather behind that power bill
North Hornell sits in Steuben County, which averages a high of 82.4°F in its hottest month and a low of 16.4°F in its coldest, with 32.36" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 490 cooling and 6,648 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Steuben County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Steuben County
Full Steuben County cost breakdown · Every county in New York
Talk to someone who works this market
These are North Hornell 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 North Hornell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Hornell I already own here and may sell
Common questions
How much does it cost to own a home in North Hornell?
A $162,000 home in North Hornell, New York costs approximately $1,627 per month with 20% down at 7.24%. That is $883 principal and interest, $342 property tax, $36 homeowners insurance, $232 utilities and $135 set aside for maintenance.
What is the property tax rate in North Hornell?
North Hornell has an effective property tax rate of 2.533%, based on a median home value of $161,500 and median real estate taxes of $4,090. That is in line with the Steuben County average of 2.523%.
What is the average home price in North Hornell?
The median owner-occupied home value in North Hornell, New York is $161,500, against $128,600 across Steuben County.
Is it cheaper to rent or buy in North Hornell?
Median gross rent in North Hornell is $691 a month, against $1,627 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 North Hornell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Hornell, New York at today's rate takes a household income of roughly $69,500 a year. That covers the full $1,627 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Hornell, 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.