Total monthly cost of ownership
Cost to Own a Home in Worcester, New York
A $141,000 home here costs
$1,408per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $725. The real number is $683 higher every month — 94% 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.
Worcester against Otsego County and New York
| Measure | Worcester | Otsego County |
|---|---|---|
| Median home value | $140,900 | $175,900 |
| Median property tax | $2,368 | $2,911 |
| Effective tax rate | 1.681% | 1.655% |
| Median gross rent | — | $942 |
| Population | 1,017 | 59,738 |
The weather behind that power bill
Worcester sits in Otsego County, which averages a high of 72.6°F in its hottest month and a low of 13.6°F in its coldest, with 47.59" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 188 cooling and 8,232 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Otsego County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Otsego County
Full Otsego County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Worcester?
A $141,000 home in Worcester, New York costs approximately $1,408 per month with 20% down at 6.66%. That is $725 principal and interest, $198 property tax, $31 homeowners insurance, $337 utilities and $118 set aside for maintenance.
What is the property tax rate in Worcester?
Worcester has an effective property tax rate of 1.681%, based on a median home value of $140,900 and median real estate taxes of $2,368. That is higher than the Otsego County average of 1.655%.
What is the average home price in Worcester?
The median owner-occupied home value in Worcester, New York is $140,900, against $175,900 across Otsego County.
Is it cheaper to rent or buy in Worcester?
Rent data is not published for Worcester at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Worcester — 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.