Total monthly cost of ownership
Cost to Own a Home in Theresa, New York
A $147,000 home here costs
$1,412per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $756. The real number is $657 higher every month — 87% 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.
Theresa against Jefferson County and New York
| Measure | Theresa | Jefferson County |
|---|---|---|
| Median home value | $146,500 | $181,000 |
| Median property tax | $1,969 | $2,851 |
| Effective tax rate | 1.344% | 1.575% |
| Median gross rent | $953 | $1,214 |
| Population | 1,019 | 116,130 |
The weather behind that power bill
Theresa sits in Jefferson County, which averages a high of 79.2°F in its hottest month and a low of 10.0°F in its coldest, with 37.07" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 386 cooling and 7,524 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Theresa?
A $147,000 home in Theresa, New York costs approximately $1,412 per month with 20% down at 6.66%. That is $756 principal and interest, $165 property tax, $32 homeowners insurance, $337 utilities and $123 set aside for maintenance.
What is the property tax rate in Theresa?
Theresa has an effective property tax rate of 1.344%, based on a median home value of $146,500 and median real estate taxes of $1,969. That is lower than the Jefferson County average of 1.575%.
What is the average home price in Theresa?
The median owner-occupied home value in Theresa, New York is $146,500, against $181,000 across Jefferson County.
Is it cheaper to rent or buy in Theresa?
Median gross rent in Theresa is $953 a month, against $1,412 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 Theresa — 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.