Total monthly cost of ownership
Cost to Own a Home in Union Springs, New York
A $163,000 home here costs
$1,639per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $801 higher every month — 96% 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.
Union Springs against Cayuga County and New York
| Measure | Union Springs | Cayuga County |
|---|---|---|
| Median home value | $163,400 | $164,200 |
| Median property tax | $3,512 | $3,747 |
| Effective tax rate | 2.149% | 2.282% |
| Median gross rent | $875 | $895 |
| Population | 1,274 | 75,464 |
The weather behind that power bill
Union Springs sits in Cayuga County, which averages a high of 81.1°F in its hottest month and a low of 15.4°F in its coldest, with 44.26" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 534 cooling and 6,892 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Cayuga County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cayuga County
Full Cayuga County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Union Springs?
A $163,000 home in Union Springs, New York costs approximately $1,639 per month with 20% down at 6.66%. That is $838 principal and interest, $292 property tax, $36 homeowners insurance, $337 utilities and $136 set aside for maintenance.
What is the property tax rate in Union Springs?
Union Springs has an effective property tax rate of 2.149%, based on a median home value of $163,400 and median real estate taxes of $3,512. That is lower than the Cayuga County average of 2.282%.
What is the average home price in Union Springs?
The median owner-occupied home value in Union Springs, New York is $163,400, against $164,200 across Cayuga County.
Is it cheaper to rent or buy in Union Springs?
Median gross rent in Union Springs is $875 a month, against $1,639 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 Union Springs — 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.