The typical owner-occupied home in Broome County is worth about $154,900, 63% below the New York median of $423,800 and 53% below the national median of $332,700. Owners pay a median $3,902 a year in property taxes, about 2.52% of their home's value, higher than the New York rate of 1.55%. The median household earns $62,616 a year, so the median home costs 2.5 times the median income (4.9 times for New York). 65% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Broome County at a glance
| Broome County | New York | U.S. | |
|---|---|---|---|
| Median home value | $154,900 | $423,800 | $332,700 |
| Median property tax paid per year | $3,902 | $6,582 | $3,119 |
| Property tax as a share of value | 2.52% | 1.55% | 0.94% |
| Median household income | $62,616 | $85,974 | $80,734 |
| Homes lived in by their owners | 65% | 54% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,408 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 22.5% | 21.0% |
| Median rent | $941 | $1,621 | $1,413 |
| Rent as a share of renters' income | 30.3% | 31.2% | 30.6% |
| Median year homes were built | 1958 | 1959 | 1980 |
| Vacant homes | 12.0% | 10.0% | 10.1% |
| Population | 197,378 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Broome County
At this week's average 30-year rate of 7.11%, buying the median Broome County home of $154,900 with 20% down costs about $1,223 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,481, 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 $52,434 for the 20%-down payment. That payment is 23% of the median Broome County household income of $62,616; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $941 a month, so owning the median home costs about $282 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,980 |
|---|---|
| Loan amount | $123,920 |
| Principal and interest | $834 |
| Property taxes (2.52% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,223 |
Change the numbers in the calculator
| Down payment | $5,422 |
|---|---|
| Loan amount | $152,094 |
| Principal and interest | $1,023 |
| Property taxes (2.52% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,481 |
Change the numbers in the calculator
Questions about home buying in Broome County
What is the median home value in Broome County?
About $154,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Broome County?
Homeowners pay a median $3,902 a year, which is about 2.52% 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 Broome County?
For the median home with 20% down at 7.11%, the payment is about $1,223 a month. Keeping that under 28% of gross income takes about $52,434 a year.
More about Broome County
- Mortgage Refinance in Broome County
- Debt Relief in Broome County
- Home Equity Loans in Broome County
- 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