Total monthly cost of ownership
Cost to Own a Home in Whitney Point, New York
A $140,000 home here costs
$1,529per 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 $65,500 a year.
A standard mortgage calculator would have told you $763. The real number is $765 higher every month, 100% more than the payment most buyers budget for.
Compare Broome County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Whitney Point from a five-year rolling sample, and with about 1,070 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 Broome 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.
Whitney Point against Broome County and New York
| Measure | Whitney Point | Broome County |
|---|---|---|
| Median home value | $140,200 | $145,100 |
| Median property tax | $4,643 | $3,824 |
| Effective tax rate | 3.312% | 2.635% |
| Median gross rent | $816 | $914 |
| Population | 1,070 | 197,738 |
The weather behind that power bill
Whitney Point sits in Broome County, which averages a high of 78.4°F in its hottest month and a low of 15.5°F in its coldest, with 42.04" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 383 cooling and 7,162 heating degree days, which is what sets the $164 electricity line above.
See the full climate breakdown for Broome County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Broome County
Full Broome County cost breakdown · Every county in New York
Talk to someone who works this market
These are Whitney Point 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 Whitney Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Whitney Point I already own here and may sell
Common questions
How much does it cost to own a home in Whitney Point?
A $140,000 home in Whitney Point, New York costs approximately $1,529 per month with 20% down at 7.24%. That is $763 principal and interest, $386 property tax, $31 homeowners insurance, $232 utilities and $117 set aside for maintenance.
What is the property tax rate in Whitney Point?
Whitney Point has an effective property tax rate of 3.312%, based on a median home value of $140,200 and median real estate taxes of $4,643. That is higher than the Broome County average of 2.635%.
What is the average home price in Whitney Point?
The median owner-occupied home value in Whitney Point, New York is $140,200, against $145,100 across Broome County.
Is it cheaper to rent or buy in Whitney Point?
Median gross rent in Whitney Point is $816 a month, against $1,529 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 Whitney Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Whitney Point, New York at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,529 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Whitney Point, 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.