Total monthly cost of ownership
Cost to Own a Home in South Fallsburg, New York
A $315,000 home here costs
$2,849per 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 $122,000 a year.
A standard mortgage calculator would have told you $1,717. The real number is $1,131 higher every month, 66% more than the payment most buyers budget for.
Compare Sullivan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Fallsburg from a five-year rolling sample, and with about 1,850 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 Sullivan 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 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 $164 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
Talk to someone who works this market
These are South Fallsburg 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 Fallsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Fallsburg I already own here and may sell
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 $2,849 per month with 20% down at 7.24%. That is $1,717 principal and interest, $568 property tax, $69 homeowners insurance, $232 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 $2,849 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 Fallsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Fallsburg, New York at today's rate takes a household income of roughly $122,000 a year. That covers the full $2,849 monthly cost, not just the mortgage payment.
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.