The typical owner-occupied home in Little Falls is worth about $105,700, 75% below the New York median of $423,800 and 68% below the national median of $332,700. Owners pay a median $2,697 a year in property taxes, about 2.55% of their home's value, higher than the New York rate of 1.55%. The median household earns $53,544 a year, so the median home costs 2.0 times the median income (4.9 times for New York). 66% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Little Falls at a glance
| Little Falls | New York | U.S. | |
|---|---|---|---|
| Median home value | $105,700 | $423,800 | $332,700 |
| Median property tax paid per year | $2,697 | $6,582 | $3,119 |
| Property tax as a share of value | 2.55% | 1.55% | 0.94% |
| Median household income | $53,544 | $85,974 | $80,734 |
| Homes lived in by their owners | 66% | 54% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,180 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 22.5% | 21.0% |
| Median rent | $804 | $1,621 | $1,413 |
| Rent as a share of renters' income | 26.2% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 13.8% | 10.0% | 10.1% |
| Population | 4,550 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Little Falls
At this week's average 30-year rate of 7.11%, buying the median Little Falls home of $105,700 with 20% down costs about $837 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,014, 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 $35,892 for the 20%-down payment. That payment is 19% of the median Little Falls household income of $53,544; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $804 a month, so owning the median home costs about $33 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,140 |
|---|---|
| Loan amount | $84,560 |
| Principal and interest | $569 |
| Property taxes (2.55% a year) | $225 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $837 |
Change the numbers in the calculator
| Down payment | $3,700 |
|---|---|
| Loan amount | $103,786 |
| Principal and interest | $698 |
| Property taxes (2.55% a year) | $225 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $1,014 |
Change the numbers in the calculator
Questions about home buying in Little Falls
What is the median home value in Little Falls?
About $105,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Little Falls?
Homeowners pay a median $2,697 a year, which is about 2.55% 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 Little Falls?
For the median home with 20% down at 7.11%, the payment is about $837 a month. Keeping that under 28% of gross income takes about $35,892 a year.
More about Little Falls
- Mortgage Refinance in Little Falls
- Debt Relief in Little Falls
- Home Equity Loans in Little Falls
- 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