The typical owner-occupied home in Lacona is worth about $131,300, 69% below the New York median of $423,800 and 61% below the national median of $332,700. Owners pay a median $2,674 a year in property taxes, about 2.04% of their home's value, higher than the New York rate of 1.55%. The median household earns $76,500 a year, so the median home costs 1.7 times the median income (4.9 times for New York). 68% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Lacona at a glance
| Lacona | New York | U.S. | |
|---|---|---|---|
| Median home value | $131,300 | $423,800 | $332,700 |
| Median property tax paid per year | $2,674 | $6,582 | $3,119 |
| Property tax as a share of value | 2.04% | 1.55% | 0.94% |
| Median household income | $76,500 | $85,974 | $80,734 |
| Homes lived in by their owners | 68% | 54% | 65% |
| Owner homes with a mortgage | 47% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,244 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 15.1% | 22.5% | 21.0% |
| Median rent | $699 | $1,621 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.2% | 30.6% |
| Median year homes were built | 1954 | 1959 | 1980 |
| Vacant homes | 6.3% | 10.0% | 10.1% |
| Population | 808 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Lacona
At this week's average 30-year rate of 7.11%, buying the median Lacona home of $131,300 with 20% down costs about $985 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,203, 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 $42,194 for the 20%-down payment. That payment is 15% of the median Lacona household income of $76,500; at that income and 20% down, the 28% guideline points to a home of about $238,000.
The median rent here is $699 a month, so owning the median home costs about $286 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,260 |
|---|---|
| Loan amount | $105,040 |
| Principal and interest | $707 |
| Property taxes (2.04% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $985 |
Change the numbers in the calculator
| Down payment | $4,596 |
|---|---|
| Loan amount | $128,922 |
| Principal and interest | $867 |
| Property taxes (2.04% a year) | $223 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,203 |
Change the numbers in the calculator
Questions about home buying in Lacona
What is the median home value in Lacona?
About $131,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lacona?
Homeowners pay a median $2,674 a year, which is about 2.04% 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 Lacona?
For the median home with 20% down at 7.11%, the payment is about $985 a month. Keeping that under 28% of gross income takes about $42,194 a year.
More about Lacona
- Mortgage Refinance in Lacona
- Debt Relief in Lacona
- Home Equity Loans in Lacona
- 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