The typical owner-occupied home in Canisteo is worth about $111,000, 74% below the New York median of $423,800 and 67% below the national median of $332,700. Owners pay a median $3,108 a year in property taxes, about 2.80% of their home's value, higher than the New York rate of 1.55%. The median household earns $53,558 a year, so the median home costs 2.1 times the median income (4.9 times for New York). 70% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Canisteo at a glance
| Canisteo | New York | U.S. | |
|---|---|---|---|
| Median home value | $111,000 | $423,800 | $332,700 |
| Median property tax paid per year | $3,108 | $6,582 | $3,119 |
| Property tax as a share of value | 2.80% | 1.55% | 0.94% |
| Median household income | $53,558 | $85,974 | $80,734 |
| Homes lived in by their owners | 70% | 54% | 65% |
| Owner homes with a mortgage | 44% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,120 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 22.5% | 21.0% |
| Median rent | $795 | $1,621 | $1,413 |
| Rent as a share of renters' income | 36.0% | 31.2% | 30.6% |
| Median year homes were built | 1946 | 1959 | 1980 |
| Vacant homes | 18.2% | 10.0% | 10.1% |
| Population | 2,085 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Canisteo
At this week's average 30-year rate of 7.11%, buying the median Canisteo home of $111,000 with 20% down costs about $903 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,088, 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 $38,683 for the 20%-down payment. That payment is 20% of the median Canisteo household income of $53,558; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $795 a month, so owning the median home costs about $108 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,200 |
|---|---|
| Loan amount | $88,800 |
| Principal and interest | $597 |
| Property taxes (2.80% a year) | $259 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $903 |
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| Down payment | $3,885 |
|---|---|
| Loan amount | $108,990 |
| Principal and interest | $733 |
| Property taxes (2.80% a year) | $259 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $1,088 |
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Questions about home buying in Canisteo
What is the median home value in Canisteo?
About $111,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Canisteo?
Homeowners pay a median $3,108 a year, which is about 2.80% 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 Canisteo?
For the median home with 20% down at 7.11%, the payment is about $903 a month. Keeping that under 28% of gross income takes about $38,683 a year.
More about Canisteo
- Mortgage Refinance in Canisteo
- Debt Relief in Canisteo
- Home Equity Loans in Canisteo
- 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