The typical owner-occupied home in New Baltimore is worth about $343,200, 19% below the New York median of $423,800 and 3% above the national median of $332,700. Owners pay a median $5,379 a year in property taxes, about 1.57% of their home's value, close to the New York rate of 1.55%. The median household earns $85,461 a year, so the median home costs 4.0 times the median income (4.9 times for New York). 100% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
New Baltimore at a glance
| New Baltimore | New York | U.S. | |
|---|---|---|---|
| Median home value | $343,200 | $423,800 | $332,700 |
| Median property tax paid per year | $5,379 | $6,582 | $3,119 |
| Property tax as a share of value | 1.57% | 1.55% | 0.94% |
| Median household income | $85,461 | $85,974 | $80,734 |
| Homes lived in by their owners | 100% | 54% | 65% |
| Owner homes with a mortgage | 22% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,555 | $1,963 |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1992 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 298 | 19,852,366 | 334,922,499 |
What a typical home costs per month in New Baltimore
At this week's average 30-year rate of 7.11%, buying the median New Baltimore home of $343,200 with 20% down costs about $2,439 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,011, 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 $104,529 for the 20%-down payment. That payment is 34% of the median New Baltimore household income of $85,461; at that income and 20% down, the 28% guideline points to a home of about $281,000.
| Down payment | $68,640 |
|---|---|
| Loan amount | $274,560 |
| Principal and interest | $1,847 |
| Property taxes (1.57% a year) | $449 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| PMI | $0 |
| Total per month | $2,439 |
Change the numbers in the calculator
| Down payment | $12,012 |
|---|---|
| Loan amount | $336,984 |
| Principal and interest | $2,267 |
| Property taxes (1.57% a year) | $449 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| FHA mortgage insurance | $152 |
| Total per month | $3,011 |
Change the numbers in the calculator
Questions about home buying in New Baltimore
What is the median home value in New Baltimore?
About $343,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Baltimore?
Homeowners pay a median $5,379 a year, which is about 1.57% 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 New Baltimore?
For the median home with 20% down at 7.11%, the payment is about $2,439 a month. Keeping that under 28% of gross income takes about $104,529 a year.
More about New Baltimore
- Mortgage Refinance in New Baltimore
- Debt Relief in New Baltimore
- Home Equity Loans in New Baltimore
- 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