The typical owner-occupied home in Edwards is worth about $82,600, 81% below the New York median of $423,800 and 75% below the national median of $332,700. Owners pay a median $1,295 a year in property taxes, about 1.57% of their home's value, close to the New York rate of 1.55%. The median household earns $61,786 a year, so the median home costs 1.3 times the median income (4.9 times for New York). 58% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Edwards at a glance
| Edwards | New York | U.S. | |
|---|---|---|---|
| Median home value | $82,600 | $423,800 | $332,700 |
| Median property tax paid per year | $1,295 | $6,582 | $3,119 |
| Property tax as a share of value | 1.57% | 1.55% | 0.94% |
| Median household income | $61,786 | $85,974 | $80,734 |
| Homes lived in by their owners | 58% | 54% | 65% |
| Owner homes with a mortgage | 44% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,292 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 22.5% | 21.0% |
| Median rent | $840 | $1,621 | $1,413 |
| Rent as a share of renters' income | 17.8% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 490 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Edwards
At this week's average 30-year rate of 7.11%, buying the median Edwards home of $82,600 with 20% down costs about $587 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $725, 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 $25,158 for the 20%-down payment. That payment is 11% of the median Edwards household income of $61,786; at that income and 20% down, the 28% guideline points to a home of about $203,000.
The median rent here is $840 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,520 |
|---|---|
| Loan amount | $66,080 |
| Principal and interest | $445 |
| Property taxes (1.57% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $587 |
Change the numbers in the calculator
| Down payment | $2,891 |
|---|---|
| Loan amount | $81,104 |
| Principal and interest | $546 |
| Property taxes (1.57% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $37 |
| Total per month | $725 |
Change the numbers in the calculator
Questions about home buying in Edwards
What is the median home value in Edwards?
About $82,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Edwards?
Homeowners pay a median $1,295 a year, which is about 1.57% 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 Edwards?
For the median home with 20% down at 7.11%, the payment is about $587 a month. Keeping that under 28% of gross income takes about $25,158 a year.
More about Edwards
- Mortgage Refinance in Edwards
- Debt Relief in Edwards
- Home Equity Loans in Edwards
- 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