Total monthly cost of ownership
Cost to Own a Home in Watervliet, New York
A $176,000 home here costs
$1,745per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $840 higher every month — 93% 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.
Watervliet against Albany County and New York
| Measure | Watervliet | Albany County |
|---|---|---|
| Median home value | $176,200 | $277,400 |
| Median property tax | $3,820 | $5,253 |
| Effective tax rate | 2.168% | 1.894% |
| Median gross rent | $1,076 | $1,252 |
| Population | 10,285 | 315,374 |
The weather behind that power bill
Watervliet sits in Albany County, which averages a high of 83.9°F in its hottest month and a low of 15.9°F in its coldest, with 40.68" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 721 cooling and 6,357 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Albany County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Albany County
Full Albany County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Watervliet?
A $176,000 home in Watervliet, New York costs approximately $1,745 per month with 20% down at 6.66%. That is $905 principal and interest, $318 property tax, $39 homeowners insurance, $337 utilities and $147 set aside for maintenance.
What is the property tax rate in Watervliet?
Watervliet has an effective property tax rate of 2.168%, based on a median home value of $176,200 and median real estate taxes of $3,820. That is higher than the Albany County average of 1.894%.
What is the average home price in Watervliet?
The median owner-occupied home value in Watervliet, New York is $176,200, against $277,400 across Albany County.
Is it cheaper to rent or buy in Watervliet?
Median gross rent in Watervliet is $1,076 a month, against $1,745 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 Watervliet — 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.