Total monthly cost of ownership
Cost to Own a Home in Ruby, New York
A $281,000 home here costs
$2,636per 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 $113,000 a year.
A standard mortgage calculator would have told you $1,532. The real number is $1,104 higher every month, 72% more than the payment most buyers budget for.
Compare Ulster County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ruby from a five-year rolling sample, and with about 1,147 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 Ulster 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.
Ruby against Ulster County and New York
| Measure | Ruby | Ulster County |
|---|---|---|
| Median home value | $280,600 | $315,100 |
| Median property tax | $6,902 | $6,124 |
| Effective tax rate | 2.460% | 1.944% |
| Median gross rent | $1,125 | $1,335 |
| Population | 1,147 | 182,109 |
The weather behind that power bill
Ruby sits in Ulster County, which averages a high of 74.0°F in its hottest month and a low of 12.3°F in its coldest, with 63.08" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 149 cooling and 8,090 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Ulster County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ulster County
Full Ulster County cost breakdown · Every county in New York
Talk to someone who works this market
These are Ruby 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 Ruby every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Ruby?
A $281,000 home in Ruby, New York costs approximately $2,636 per month with 20% down at 7.24%. That is $1,532 principal and interest, $576 property tax, $62 homeowners insurance, $232 utilities and $234 set aside for maintenance.
What is the property tax rate in Ruby?
Ruby has an effective property tax rate of 2.460%, based on a median home value of $280,600 and median real estate taxes of $6,902. That is higher than the Ulster County average of 1.944%.
What is the average home price in Ruby?
The median owner-occupied home value in Ruby, New York is $280,600, against $315,100 across Ulster County.
Is it cheaper to rent or buy in Ruby?
Median gross rent in Ruby is $1,125 a month, against $2,636 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 Ruby?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ruby, New York at today's rate takes a household income of roughly $113,000 a year. That covers the full $2,636 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ruby, 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.