Total monthly cost of ownership
Cost to Own a Home in Shrub Oak, New York
A $499,000 home here costs
$4,262per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,565. The real number is $1,696 higher every month — 66% 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.
Shrub Oak against Westchester County and New York
| Measure | Shrub Oak | Westchester County |
|---|---|---|
| Median home value | $498,800 | $638,400 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 2.005% | 1.567% |
| Median gross rent | $1,298 | $1,876 |
| Population | 2,770 | 996,888 |
The weather behind that power bill
Shrub Oak sits in Westchester County, which averages a high of 83.2°F in its hottest month and a low of 22.4°F in its coldest, with 47.75" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 787 cooling and 5,492 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Westchester County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Westchester County
Full Westchester County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Shrub Oak?
A $499,000 home in Shrub Oak, New York costs approximately $4,262 per month with 20% down at 6.66%. That is $2,565 principal and interest, $834 property tax, $110 homeowners insurance, $337 utilities and $416 set aside for maintenance.
What is the property tax rate in Shrub Oak?
Shrub Oak has an effective property tax rate of 2.005%, based on a median home value of $498,800 and median real estate taxes of $10,001. That is higher than the Westchester County average of 1.567%.
What is the average home price in Shrub Oak?
The median owner-occupied home value in Shrub Oak, New York is $498,800, against $638,400 across Westchester County.
Is it cheaper to rent or buy in Shrub Oak?
Median gross rent in Shrub Oak is $1,298 a month, against $4,262 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 Shrub Oak — 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.