Total monthly cost of ownership
Cost to Own a Home in South Blooming Grove, New York
A $464,000 home here costs
$4,083per 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 $175,000 a year.
A standard mortgage calculator would have told you $2,530. The real number is $1,554 higher every month, 61% more than the payment most buyers budget for.
Compare Orange County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Blooming Grove from a five-year rolling sample, and with about 3,880 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 Orange 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.
South Blooming Grove against Orange County and New York
| Measure | South Blooming Grove | Orange County |
|---|---|---|
| Median home value | $464,000 | $361,100 |
| Median property tax | $10,001 | $8,463 |
| Effective tax rate | 2.155% | 2.344% |
| Median gross rent | $1,922 | $1,602 |
| Population | 3,880 | 403,840 |
The weather behind that power bill
South Blooming Grove sits in Orange County, which averages a high of 83.6°F in its hottest month and a low of 17.3°F in its coldest, with 40.99" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 617 cooling and 6,266 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Orange County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orange County
Full Orange County cost breakdown · Every county in New York
Talk to someone who works this market
These are South Blooming Grove 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 South Blooming Grove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Blooming Grove I already own here and may sell
Common questions
How much does it cost to own a home in South Blooming Grove?
A $464,000 home in South Blooming Grove, New York costs approximately $4,083 per month with 20% down at 7.24%. That is $2,530 principal and interest, $833 property tax, $102 homeowners insurance, $232 utilities and $387 set aside for maintenance.
What is the property tax rate in South Blooming Grove?
South Blooming Grove has an effective property tax rate of 2.155%, based on a median home value of $464,000 and median real estate taxes of $10,001. That is lower than the Orange County average of 2.344%.
What is the average home price in South Blooming Grove?
The median owner-occupied home value in South Blooming Grove, New York is $464,000, against $361,100 across Orange County.
Is it cheaper to rent or buy in South Blooming Grove?
Median gross rent in South Blooming Grove is $1,922 a month, against $4,083 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 South Blooming Grove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Blooming Grove, New York at today's rate takes a household income of roughly $175,000 a year. That covers the full $4,083 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Blooming Grove, 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.