The typical owner-occupied home in Friendship is worth about $71,600, 83% below the New York median of $423,800 and 78% below the national median of $332,700. Owners pay a median $2,500 a year in property taxes, about 3.49% of their home's value, higher than the New York rate of 1.55%. The median household earns $35,417 a year, so the median home costs 2.0 times the median income (4.9 times for New York). 67% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Friendship at a glance
| Friendship | New York | U.S. | |
|---|---|---|---|
| Median home value | $71,600 | $423,800 | $332,700 |
| Median property tax paid per year | $2,500 | $6,582 | $3,119 |
| Property tax as a share of value | 3.49% | 1.55% | 0.94% |
| Median household income | $35,417 | $85,974 | $80,734 |
| Homes lived in by their owners | 67% | 54% | 65% |
| Owner homes with a mortgage | 30% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $725 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 23.7% | 22.5% | 21.0% |
| Median rent | $973 | $1,621 | $1,413 |
| Rent as a share of renters' income | 21.5% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 20.9% | 10.0% | 10.1% |
| Population | 712 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Friendship
At this week's average 30-year rate of 7.11%, buying the median Friendship home of $71,600 with 20% down costs about $623 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $743, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $26,717 for the 20%-down payment. That payment is 21% of the median Friendship household income of $35,417; at that income and 20% down, the 28% guideline points to a home of about $95,000.
The median rent here is $973 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,320 |
|---|---|
| Loan amount | $57,280 |
| Principal and interest | $385 |
| Property taxes (3.49% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $623 |
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| Down payment | $2,506 |
|---|---|
| Loan amount | $70,303 |
| Principal and interest | $473 |
| Property taxes (3.49% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $743 |
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Questions about home buying in Friendship
What is the median home value in Friendship?
About $71,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Friendship?
Homeowners pay a median $2,500 a year, which is about 3.49% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Friendship?
For the median home with 20% down at 7.11%, the payment is about $623 a month. Keeping that under 28% of gross income takes about $26,717 a year.
More about Friendship
- Mortgage Refinance in Friendship
- Debt Relief in Friendship
- Home Equity Loans in Friendship
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data