The typical owner-occupied home in Winthrop is worth about $119,900, 72% below the New York median of $423,800 and 64% below the national median of $332,700. Owners pay a median $2,352 a year in property taxes, about 1.96% of their home's value, higher than the New York rate of 1.55%. The median household earns $138,231 a year, so the median home costs 0.9 times the median income (4.9 times for New York). 89% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Winthrop at a glance
| Winthrop | New York | U.S. | |
|---|---|---|---|
| Median home value | $119,900 | $423,800 | $332,700 |
| Median property tax paid per year | $2,352 | $6,582 | $3,119 |
| Property tax as a share of value | 1.96% | 1.55% | 0.94% |
| Median household income | $138,231 | $85,974 | $80,734 |
| Homes lived in by their owners | 89% | 54% | 65% |
| Owner homes with a mortgage | 32% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,555 | $1,963 |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1960 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 530 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Winthrop
At this week's average 30-year rate of 7.11%, buying the median Winthrop home of $119,900 with 20% down costs about $891 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,091, 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 $38,188 for the 20%-down payment. That payment is 8% of the median Winthrop household income of $138,231; at that income and 20% down, the 28% guideline points to a home of about $434,000.
| Down payment | $23,980 |
|---|---|
| Loan amount | $95,920 |
| Principal and interest | $645 |
| Property taxes (1.96% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $891 |
Change the numbers in the calculator
| Down payment | $4,196 |
|---|---|
| Loan amount | $117,728 |
| Principal and interest | $792 |
| Property taxes (1.96% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,091 |
Change the numbers in the calculator
Questions about home buying in Winthrop
What is the median home value in Winthrop?
About $119,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Winthrop?
Homeowners pay a median $2,352 a year, which is about 1.96% 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 Winthrop?
For the median home with 20% down at 7.11%, the payment is about $891 a month. Keeping that under 28% of gross income takes about $38,188 a year.
More about Winthrop
- Mortgage Refinance in Winthrop
- Debt Relief in Winthrop
- Home Equity Loans in Winthrop
- 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