Total monthly cost of ownership
Cost to Own a Home in Seneca Falls, New York
A $119,000 home here costs
$1,341per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $729 higher every month — 119% 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.
Seneca Falls against Seneca County and New York
| Measure | Seneca Falls | Seneca County |
|---|---|---|
| Median home value | $119,300 | $142,700 |
| Median property tax | $3,204 | $3,267 |
| Effective tax rate | 2.686% | 2.289% |
| Median gross rent | $905 | $925 |
| Population | 6,967 | 33,125 |
The weather behind that power bill
Seneca Falls sits in Seneca County, which averages a high of 81.4°F in its hottest month and a low of 17.5°F in its coldest, with 30.24" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 596 cooling and 6,505 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Seneca County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Seneca County
Full Seneca County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Seneca Falls?
A $119,000 home in Seneca Falls, New York costs approximately $1,341 per month with 20% down at 6.66%. That is $612 principal and interest, $266 property tax, $26 homeowners insurance, $337 utilities and $99 set aside for maintenance.
What is the property tax rate in Seneca Falls?
Seneca Falls has an effective property tax rate of 2.686%, based on a median home value of $119,300 and median real estate taxes of $3,204. That is higher than the Seneca County average of 2.289%.
What is the average home price in Seneca Falls?
The median owner-occupied home value in Seneca Falls, New York is $119,300, against $142,700 across Seneca County.
Is it cheaper to rent or buy in Seneca Falls?
Median gross rent in Seneca Falls is $905 a month, against $1,341 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 Seneca Falls — 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.