State data
New York Mortgage Calculator
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Estimated monthly payment
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& interest
- Principal & interest$0
- Property tax$0
- Home insurance$0
- HOA dues$0
- Mortgage insurance (PMI)$0
- Total interest over the loan
- $0
- Paid off
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Loan balance over time
| Year | Principal | Interest | Balance |
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Monthly payment
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Typical monthly cost of the median home in New York
Principal and interest
$2,320
$339,040 loan at 7.28%, 30 years
Property tax
$579
1.64% of $423,800 a year
Together
$2,899
before insurance, HOA and PMI
That is about 40% of the median household income in New York ($85,974 a year), before insurance and other costs.
Counties in New York
Property tax rates and home values differ by county. Payment is principal, interest and property tax on the median home.
| County | Median home | Tax rate | Payment |
|---|---|---|---|
| Kings County | $905,000 | 0.69% | $5,474 |
| Queens County | $723,800 | 0.86% | $4,481 |
| New York County | $1,090,500 | 0.92% | $6,805 |
| Suffolk County | $578,400 | 1.73% | $4,000 |
| Bronx County | $529,500 | 1.06% | $3,366 |
| Nassau County | $684,700 | 1.46% | $4,581 |
| Westchester County | $663,200 | 1.51% | $4,465 |
| Erie County | $233,800 | 2.10% | $1,689 |
| Monroe County | $213,700 | 2.70% | $1,651 |
| Richmond County | $675,500 | 0.93% | $4,221 |
| Onondaga County | $200,200 | 2.59% | $1,528 |
| Orange County | $387,900 | 2.29% | $2,863 |
| Rockland County | $596,900 | 1.68% | $4,103 |
| Albany County | $294,600 | 1.88% | $2,074 |
| Dutchess County | $400,600 | 1.98% | $2,854 |
| Saratoga County | $348,600 | 1.47% | $2,335 |
High-cost counties with higher loan limits
Most New York counties use the $832,750 one-unit conforming limit. These counties have a higher limit:
- Kings County$1,209,750
- Queens County$1,209,750
- New York County$1,209,750
- Suffolk County$1,209,750
- Bronx County$1,209,750
- Nassau County$1,209,750
- Westchester County$1,209,750
- Richmond County$1,209,750
Frequently asked questions
What is the property tax rate in New York?
Using Census Bureau medians, homeowners with a mortgage in New York pay about $6,954 a year in property tax on a median home value of $423,800, an effective rate of 1.64%. That ranks 7 of 51 (the states and DC, highest first) and is above the U.S. median of 1.05%. Rates vary by county and city, and your bill depends on the assessed value and any exemptions.
How much is the monthly payment on a median-priced home in New York?
On a $423,800 home with 20% down and a 30-year loan at 7.28% (the Freddie Mac weekly average), principal and interest is about $2,320 a month and property tax about $579, so roughly $2,899 before homeowners insurance, HOA dues and mortgage insurance.
What is the conforming loan limit in New York?
Most counties in New York have a one-unit conforming loan limit of $832,750, set by the Federal Housing Finance Agency. Higher limits apply in high-cost counties such as Kings County ($1,209,750), Queens County ($1,209,750), New York County ($1,209,750). Loans above the limit are jumbo loans, which can have different rates and down payment rules.
Where do these numbers come from?
Home values, property taxes and incomes are U.S. Census Bureau American Community Survey 5-year medians. Loan limits come from the Federal Housing Finance Agency and rates from Freddie Mac. The methodology page lists each source and when it was retrieved.
Data and method. Home values, property taxes and incomes: U.S. Census Bureau, ACS 2024 5-year (2020-2024) (medians, with sampling error; property tax is for owners with a mortgage). Loan limits: FHFA. Rates: Freddie Mac weekly average as of October 1, 2026. Retrieved October 1, 2026. Payment figures assume 20% down, a 30-year fixed loan, and exclude insurance, HOA dues and mortgage insurance. Estimates only; see the methodology.