Total monthly cost of ownership
Cost to Own a Home in South Fallsburg, New York
A $315,000 home here costs
$2,856per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,619. The real number is $1,237 higher every month — 76% 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.
South Fallsburg against Sullivan County and New York
| Measure | South Fallsburg | Sullivan County |
|---|---|---|
| Median home value | $314,700 | $234,800 |
| Median property tax | — | $5,082 |
| Effective tax rate | 2.164% | 2.164% |
| Median gross rent | $939 | $999 |
| Population | 1,850 | 79,147 |
The weather behind that power bill
South Fallsburg sits in Sullivan County, which averages a high of 78.9°F in its hottest month and a low of 13.2°F in its coldest, with 53.08" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 292 cooling and 7,444 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Sullivan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sullivan County
Full Sullivan County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in South Fallsburg?
A $315,000 home in South Fallsburg, New York costs approximately $2,856 per month with 20% down at 6.66%. That is $1,619 principal and interest, $568 property tax, $69 homeowners insurance, $337 utilities and $263 set aside for maintenance.
What is the property tax rate in South Fallsburg?
Place-level tax data is not published for South Fallsburg, so the Sullivan County rate of 2.164% applies here.
What is the average home price in South Fallsburg?
The median owner-occupied home value in South Fallsburg, New York is $314,700, against $234,800 across Sullivan County.
Is it cheaper to rent or buy in South Fallsburg?
Median gross rent in South Fallsburg is $939 a month, against $2,856 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 South Fallsburg — 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.