The typical owner-occupied home in Averill Park is worth about $273,300, 36% below the New York median of $423,800 and 18% below the national median of $332,700. Owners pay a median $5,526 a year in property taxes, about 2.02% of their home's value, higher than the New York rate of 1.55%. The median household earns $117,946 a year, so the median home costs 2.3 times the median income (4.9 times for New York). 91% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Averill Park at a glance
| Averill Park | New York | U.S. | |
|---|---|---|---|
| Median home value | $273,300 | $423,800 | $332,700 |
| Median property tax paid per year | $5,526 | $6,582 | $3,119 |
| Property tax as a share of value | 2.02% | 1.55% | 0.94% |
| Median household income | $117,946 | $85,974 | $80,734 |
| Homes lived in by their owners | 91% | 54% | 65% |
| Owner homes with a mortgage | 61% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,225 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 22.5% | 21.0% |
| Median rent | $1,656 | $1,621 | $1,413 |
| Rent as a share of renters' income | 17.9% | 31.2% | 30.6% |
| Median year homes were built | 1981 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 1,615 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Averill Park
At this week's average 30-year rate of 7.11%, buying the median Averill Park home of $273,300 with 20% down costs about $2,045 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,500, 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 $87,632 for the 20%-down payment. That payment is 21% of the median Averill Park household income of $117,946; at that income and 20% down, the 28% guideline points to a home of about $368,000.
The median rent here is $1,656 a month, so owning the median home costs about $389 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $54,660 |
|---|---|
| Loan amount | $218,640 |
| Principal and interest | $1,471 |
| Property taxes (2.02% a year) | $460 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| PMI | $0 |
| Total per month | $2,045 |
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| Down payment | $9,566 |
|---|---|
| Loan amount | $268,350 |
| Principal and interest | $1,805 |
| Property taxes (2.02% a year) | $460 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| FHA mortgage insurance | $121 |
| Total per month | $2,500 |
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Questions about home buying in Averill Park
What is the median home value in Averill Park?
About $273,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Averill Park?
Homeowners pay a median $5,526 a year, which is about 2.02% 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 Averill Park?
For the median home with 20% down at 7.11%, the payment is about $2,045 a month. Keeping that under 28% of gross income takes about $87,632 a year.
More about Averill Park
- Mortgage Refinance in Averill Park
- Debt Relief in Averill Park
- Home Equity Loans in Averill Park
- 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