The typical owner-occupied home in Mohawk is worth about $124,600, 71% below the New York median of $423,800 and 63% below the national median of $332,700. Owners pay a median $3,380 a year in property taxes, about 2.71% of their home's value, higher than the New York rate of 1.55%. The median household earns $72,813 a year, so the median home costs 1.7 times the median income (4.9 times for New York). 72% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Mohawk at a glance
| Mohawk | New York | U.S. | |
|---|---|---|---|
| Median home value | $124,600 | $423,800 | $332,700 |
| Median property tax paid per year | $3,380 | $6,582 | $3,119 |
| Property tax as a share of value | 2.71% | 1.55% | 0.94% |
| Median household income | $72,813 | $85,974 | $80,734 |
| Homes lived in by their owners | 72% | 54% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,116 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 15.9% | 22.5% | 21.0% |
| Median rent | $705 | $1,621 | $1,413 |
| Rent as a share of renters' income | 18.8% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 7.0% | 10.0% | 10.1% |
| Population | 2,520 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Mohawk
At this week's average 30-year rate of 7.11%, buying the median Mohawk home of $124,600 with 20% down costs about $1,004 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,211, 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 $43,023 for the 20%-down payment. That payment is 17% of the median Mohawk household income of $72,813; at that income and 20% down, the 28% guideline points to a home of about $211,000.
The median rent here is $705 a month, so owning the median home costs about $299 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,920 |
|---|---|
| Loan amount | $99,680 |
| Principal and interest | $671 |
| Property taxes (2.71% a year) | $281 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $1,004 |
Change the numbers in the calculator
| Down payment | $4,361 |
|---|---|
| Loan amount | $122,343 |
| Principal and interest | $823 |
| Property taxes (2.71% a year) | $281 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,211 |
Change the numbers in the calculator
Questions about home buying in Mohawk
What is the median home value in Mohawk?
About $124,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mohawk?
Homeowners pay a median $3,380 a year, which is about 2.71% 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 Mohawk?
For the median home with 20% down at 7.11%, the payment is about $1,004 a month. Keeping that under 28% of gross income takes about $43,023 a year.
More about Mohawk
- Mortgage Refinance in Mohawk
- Debt Relief in Mohawk
- Home Equity Loans in Mohawk
- 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