The typical owner-occupied home in Caroga Lake is worth about $124,700, 71% below the New York median of $423,800 and 63% below the national median of $332,700. Owners pay a median $2,273 a year in property taxes, about 1.82% of their home's value, higher than the New York rate of 1.55%. The median household earns $55,200 a year, so the median home costs 2.3 times the median income (4.9 times for New York). 94% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Caroga Lake at a glance
| Caroga Lake | New York | U.S. | |
|---|---|---|---|
| Median home value | $124,700 | $423,800 | $332,700 |
| Median property tax paid per year | $2,273 | $6,582 | $3,119 |
| Property tax as a share of value | 1.82% | 1.55% | 0.94% |
| Median household income | $55,200 | $85,974 | $80,734 |
| Homes lived in by their owners | 94% | 54% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,168 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1948 | 1959 | 1980 |
| Vacant homes | 71.9% | 10.0% | 10.1% |
| Population | 448 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Caroga Lake
At this week's average 30-year rate of 7.11%, buying the median Caroga Lake home of $124,700 with 20% down costs about $912 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,120, 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 $39,093 for the 20%-down payment. That payment is 20% of the median Caroga Lake household income of $55,200; at that income and 20% down, the 28% guideline points to a home of about $176,000.
| Down payment | $24,940 |
|---|---|
| Loan amount | $99,760 |
| Principal and interest | $671 |
| Property taxes (1.82% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $912 |
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| Down payment | $4,364 |
|---|---|
| Loan amount | $122,441 |
| Principal and interest | $824 |
| Property taxes (1.82% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,120 |
Change the numbers in the calculator
Questions about home buying in Caroga Lake
What is the median home value in Caroga Lake?
About $124,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Caroga Lake?
Homeowners pay a median $2,273 a year, which is about 1.82% 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 Caroga Lake?
For the median home with 20% down at 7.11%, the payment is about $912 a month. Keeping that under 28% of gross income takes about $39,093 a year.
More about Caroga Lake
- Mortgage Refinance in Caroga Lake
- Debt Relief in Caroga Lake
- Home Equity Loans in Caroga Lake
- 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