The typical owner-occupied home in Jefferson is worth about $166,700, 61% below the New York median of $423,800 and 50% below the national median of $332,700. Owners pay a median $4,333 a year in property taxes, about 2.60% of their home's value, higher than the New York rate of 1.55%. 88% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Jefferson at a glance
| Jefferson | New York | U.S. | |
|---|---|---|---|
| Median home value | $166,700 | $423,800 | $332,700 |
| Median property tax paid per year | $4,333 | $6,582 | $3,119 |
| Property tax as a share of value | 2.60% | 1.55% | 0.94% |
| Median household income | – | $85,974 | $80,734 |
| Homes lived in by their owners | 88% | 54% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,633 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 37.8% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 37.4% | 10.0% | 10.1% |
| Population | 177 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Jefferson
At this week's average 30-year rate of 7.11%, buying the median Jefferson home of $166,700 with 20% down costs about $1,328 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,605, 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 $56,904 for the 20%-down payment.
| Down payment | $33,340 |
|---|---|
| Loan amount | $133,360 |
| Principal and interest | $897 |
| Property taxes (2.60% a year) | $361 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,328 |
Change the numbers in the calculator
| Down payment | $5,834 |
|---|---|
| Loan amount | $163,681 |
| Principal and interest | $1,101 |
| Property taxes (2.60% a year) | $361 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $74 |
| Total per month | $1,605 |
Change the numbers in the calculator
Questions about home buying in Jefferson
What is the median home value in Jefferson?
About $166,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jefferson?
Homeowners pay a median $4,333 a year, which is about 2.60% 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 Jefferson?
For the median home with 20% down at 7.11%, the payment is about $1,328 a month. Keeping that under 28% of gross income takes about $56,904 a year.
More about Jefferson
- Mortgage Refinance in Jefferson
- Debt Relief in Jefferson
- Home Equity Loans in Jefferson
- 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