The typical owner-occupied home in Canandaigua is worth about $229,100, 46% below the New York median of $423,800 and 31% below the national median of $332,700. Owners pay a median $5,252 a year in property taxes, about 2.29% of their home's value, higher than the New York rate of 1.55%. The median household earns $64,929 a year, so the median home costs 3.5 times the median income (4.9 times for New York). 51% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Canandaigua at a glance
| Canandaigua | New York | U.S. | |
|---|---|---|---|
| Median home value | $229,100 | $423,800 | $332,700 |
| Median property tax paid per year | $5,252 | $6,582 | $3,119 |
| Property tax as a share of value | 2.29% | 1.55% | 0.94% |
| Median household income | $64,929 | $85,974 | $80,734 |
| Homes lived in by their owners | 51% | 54% | 65% |
| Owner homes with a mortgage | 61% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,680 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 22.5% | 21.0% |
| Median rent | $1,095 | $1,621 | $1,413 |
| Rent as a share of renters' income | 27.6% | 31.2% | 30.6% |
| Median year homes were built | 1962 | 1959 | 1980 |
| Vacant homes | 3.9% | 10.0% | 10.1% |
| Population | 10,514 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Canandaigua
At this week's average 30-year rate of 7.11%, buying the median Canandaigua home of $229,100 with 20% down costs about $1,766 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,147, 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 $75,669 for the 20%-down payment. That payment is 33% of the median Canandaigua household income of $64,929; at that income and 20% down, the 28% guideline points to a home of about $197,000.
The median rent here is $1,095 a month, so owning the median home costs about $671 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,820 |
|---|---|
| Loan amount | $183,280 |
| Principal and interest | $1,233 |
| Property taxes (2.29% a year) | $437 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,766 |
Change the numbers in the calculator
| Down payment | $8,018 |
|---|---|
| Loan amount | $224,950 |
| Principal and interest | $1,513 |
| Property taxes (2.29% a year) | $437 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $2,147 |
Change the numbers in the calculator
Questions about home buying in Canandaigua
What is the median home value in Canandaigua?
About $229,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Canandaigua?
Homeowners pay a median $5,252 a year, which is about 2.29% 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 Canandaigua?
For the median home with 20% down at 7.11%, the payment is about $1,766 a month. Keeping that under 28% of gross income takes about $75,669 a year.
More about Canandaigua
- Mortgage Refinance in Canandaigua
- Debt Relief in Canandaigua
- Home Equity Loans in Canandaigua
- 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