Total monthly cost of ownership
Cost to Own a Home in Oneida, New York
A $146,000 home here costs
$1,490per 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 $64,000 a year.
A standard mortgage calculator would have told you $796. The real number is $694 higher every month, 87% more than the payment most buyers budget for.
Compare Madison County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Oneida against Madison County and New York
| Measure | Oneida | Madison County |
|---|---|---|
| Median home value | $146,300 | $176,800 |
| Median property tax | $3,709 | $4,058 |
| Effective tax rate | 2.535% | 2.295% |
| Median gross rent | $841 | $891 |
| Population | 10,240 | 67,572 |
The weather behind that power bill
Oneida sits in Madison County, which averages a high of 77.2°F in its hottest month and a low of 11.3°F in its coldest, with 48.14" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 284 cooling and 7,805 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Madison County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in New York
Talk to someone who works this market
These are Oneida 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 Oneida every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oneida I already own here and may sell
Common questions
How much does it cost to own a home in Oneida?
A $146,000 home in Oneida, New York costs approximately $1,490 per month with 20% down at 7.24%. That is $796 principal and interest, $308 property tax, $32 homeowners insurance, $232 utilities and $122 set aside for maintenance.
What is the property tax rate in Oneida?
Oneida has an effective property tax rate of 2.535%, based on a median home value of $146,300 and median real estate taxes of $3,709. That is higher than the Madison County average of 2.295%.
What is the average home price in Oneida?
The median owner-occupied home value in Oneida, New York is $146,300, against $176,800 across Madison County.
Is it cheaper to rent or buy in Oneida?
Median gross rent in Oneida is $841 a month, against $1,490 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 Oneida?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oneida, New York at today's rate takes a household income of roughly $64,000 a year. That covers the full $1,490 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oneida, 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.