Total monthly cost of ownership
Cost to Own a Home in South Hill, New York
A $335,000 home here costs
$2,976per 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 $127,500 a year.
A standard mortgage calculator would have told you $1,826. The real number is $1,150 higher every month, 63% more than the payment most buyers budget for.
Compare Tompkins County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Hill against Tompkins County and New York
| Measure | South Hill | Tompkins County |
|---|---|---|
| Median home value | $335,100 | $271,500 |
| Median property tax | $6,789 | $6,374 |
| Effective tax rate | 2.026% | 2.348% |
| Median gross rent | $1,647 | $1,374 |
| Population | 6,805 | 102,879 |
The weather behind that power bill
South Hill sits in Tompkins County, which averages a high of 79.9°F in its hottest month and a low of 14.6°F in its coldest, with 38.29" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 416 cooling and 7,207 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Tompkins County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tompkins County
Full Tompkins County cost breakdown · Every county in New York
Talk to someone who works this market
These are South Hill 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 Hill every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Hill I already own here and may sell
Common questions
How much does it cost to own a home in South Hill?
A $335,000 home in South Hill, New York costs approximately $2,976 per month with 20% down at 7.24%. That is $1,826 principal and interest, $566 property tax, $74 homeowners insurance, $232 utilities and $279 set aside for maintenance.
What is the property tax rate in South Hill?
South Hill has an effective property tax rate of 2.026%, based on a median home value of $335,100 and median real estate taxes of $6,789. That is lower than the Tompkins County average of 2.348%.
What is the average home price in South Hill?
The median owner-occupied home value in South Hill, New York is $335,100, against $271,500 across Tompkins County.
Is it cheaper to rent or buy in South Hill?
Median gross rent in South Hill is $1,647 a month, against $2,976 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 Hill?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Hill, New York at today's rate takes a household income of roughly $127,500 a year. That covers the full $2,976 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Hill, 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.