The typical owner-occupied home in Mount Morris is worth about $91,200, 78% below the New York median of $423,800 and 73% below the national median of $332,700. Owners pay a median $3,427 a year in property taxes, about 3.76% of their home's value, higher than the New York rate of 1.55%. The median household earns $51,125 a year, so the median home costs 1.8 times the median income (4.9 times for New York). 74% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Mount Morris at a glance
| Mount Morris | New York | U.S. | |
|---|---|---|---|
| Median home value | $91,200 | $423,800 | $332,700 |
| Median property tax paid per year | $3,427 | $6,582 | $3,119 |
| Property tax as a share of value | 3.76% | 1.55% | 0.94% |
| Median household income | $51,125 | $85,974 | $80,734 |
| Homes lived in by their owners | 74% | 54% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,103 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 16.6% | 22.5% | 21.0% |
| Median rent | $737 | $1,621 | $1,413 |
| Rent as a share of renters' income | 35.9% | 31.2% | 30.6% |
| Median year homes were built | 1946 | 1959 | 1980 |
| Vacant homes | 12.6% | 10.0% | 10.1% |
| Population | 3,146 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Mount Morris
At this week's average 30-year rate of 7.11%, buying the median Mount Morris home of $91,200 with 20% down costs about $815 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $966, 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 $34,910 for the 20%-down payment. That payment is 19% of the median Mount Morris household income of $51,125; at that income and 20% down, the 28% guideline points to a home of about $134,000.
The median rent here is $737 a month, so owning the median home costs about $78 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,240 |
|---|---|
| Loan amount | $72,960 |
| Principal and interest | $491 |
| Property taxes (3.76% a year) | $286 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $815 |
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| Down payment | $3,192 |
|---|---|
| Loan amount | $89,548 |
| Principal and interest | $602 |
| Property taxes (3.76% a year) | $286 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $966 |
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Questions about home buying in Mount Morris
What is the median home value in Mount Morris?
About $91,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Morris?
Homeowners pay a median $3,427 a year, which is about 3.76% 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 Mount Morris?
For the median home with 20% down at 7.11%, the payment is about $815 a month. Keeping that under 28% of gross income takes about $34,910 a year.
More about Mount Morris
- Mortgage Refinance in Mount Morris
- Debt Relief in Mount Morris
- Home Equity Loans in Mount Morris
- 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