Total monthly cost of ownership
Cost to Own a Home in Union Springs, New York
A $163,000 home here costs
$1,584per 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 $68,000 a year.
A standard mortgage calculator would have told you $889. The real number is $695 higher every month, 78% more than the payment most buyers budget for.
Compare Cayuga County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Union Springs from a five-year rolling sample, and with about 1,274 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 Cayuga 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.
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 $164 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
Talk to someone who works this market
These are Union Springs 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 Union Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Union Springs I already own here and may sell
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 $1,584 per month with 20% down at 7.24%. That is $889 principal and interest, $292 property tax, $36 homeowners insurance, $232 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 $1,584 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 Union Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Union Springs, New York at today's rate takes a household income of roughly $68,000 a year. That covers the full $1,584 monthly cost, not just the mortgage payment.
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.