Total monthly cost of ownership
Cost to Own a Home in Oakfield, New York
A $131,000 home here costs
$1,457per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $673. The real number is $784 higher every month — 116% 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.
Oakfield against Genesee County and New York
| Measure | Oakfield | Genesee County |
|---|---|---|
| Median home value | $131,200 | $157,800 |
| Median property tax | $3,710 | $3,958 |
| Effective tax rate | 2.828% | 2.508% |
| Median gross rent | $720 | $909 |
| Population | 1,683 | 57,943 |
The weather behind that power bill
Oakfield sits in Genesee County, which averages a high of 80.0°F in its hottest month and a low of 15.8°F in its coldest, with 36.57" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 525 cooling and 6,808 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Genesee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Genesee County
Full Genesee County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Oakfield?
A $131,000 home in Oakfield, New York costs approximately $1,457 per month with 20% down at 6.66%. That is $673 principal and interest, $309 property tax, $29 homeowners insurance, $337 utilities and $109 set aside for maintenance.
What is the property tax rate in Oakfield?
Oakfield has an effective property tax rate of 2.828%, based on a median home value of $131,200 and median real estate taxes of $3,710. That is higher than the Genesee County average of 2.508%.
What is the average home price in Oakfield?
The median owner-occupied home value in Oakfield, New York is $131,200, against $157,800 across Genesee County.
Is it cheaper to rent or buy in Oakfield?
Median gross rent in Oakfield is $720 a month, against $1,457 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 Oakfield — 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.