The typical owner-occupied home in Ovid is worth about $121,400, 71% below the New York median of $423,800 and 64% below the national median of $332,700. Owners pay a median $2,370 a year in property taxes, about 1.95% of their home's value, higher than the New York rate of 1.55%. The median household earns $79,583 a year, so the median home costs 1.5 times the median income (4.9 times for New York). 60% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Ovid at a glance
| Ovid | New York | U.S. | |
|---|---|---|---|
| Median home value | $121,400 | $423,800 | $332,700 |
| Median property tax paid per year | $2,370 | $6,582 | $3,119 |
| Property tax as a share of value | 1.95% | 1.55% | 0.94% |
| Median household income | $79,583 | $85,974 | $80,734 |
| Homes lived in by their owners | 60% | 54% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,242 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 22.5% | 21.0% |
| Median rent | $1,182 | $1,621 | $1,413 |
| Rent as a share of renters' income | 22.5% | 31.2% | 30.6% |
| Median year homes were built | 1951 | 1959 | 1980 |
| Vacant homes | 24.2% | 10.0% | 10.1% |
| Population | 402 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Ovid
At this week's average 30-year rate of 7.11%, buying the median Ovid home of $121,400 with 20% down costs about $901 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,103, 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 $38,622 for the 20%-down payment. That payment is 14% of the median Ovid household income of $79,583; at that income and 20% down, the 28% guideline points to a home of about $250,000.
The median rent here is $1,182 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,280 |
|---|---|
| Loan amount | $97,120 |
| Principal and interest | $653 |
| Property taxes (1.95% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $901 |
Change the numbers in the calculator
| Down payment | $4,249 |
|---|---|
| Loan amount | $119,201 |
| Principal and interest | $802 |
| Property taxes (1.95% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,103 |
Change the numbers in the calculator
Questions about home buying in Ovid
What is the median home value in Ovid?
About $121,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ovid?
Homeowners pay a median $2,370 a year, which is about 1.95% 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 Ovid?
For the median home with 20% down at 7.11%, the payment is about $901 a month. Keeping that under 28% of gross income takes about $38,622 a year.
More about Ovid
- Mortgage Refinance in Ovid
- Debt Relief in Ovid
- Home Equity Loans in Ovid
- 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