The typical owner-occupied home in Cragsmoor is worth about $228,300, 46% below the New York median of $423,800 and 31% below the national median of $332,700. Owners pay a median $4,063 a year in property taxes, about 1.78% of their home's value, higher than the New York rate of 1.55%. The median household earns $79,618 a year, so the median home costs 2.9 times the median income (4.9 times for New York). 100% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Cragsmoor at a glance
| Cragsmoor | New York | U.S. | |
|---|---|---|---|
| Median home value | $228,300 | $423,800 | $332,700 |
| Median property tax paid per year | $4,063 | $6,582 | $3,119 |
| Property tax as a share of value | 1.78% | 1.55% | 0.94% |
| Median household income | $79,618 | $85,974 | $80,734 |
| Homes lived in by their owners | 100% | 54% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,889 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1972 | 1959 | 1980 |
| Vacant homes | 46.6% | 10.0% | 10.1% |
| Population | 481 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Cragsmoor
At this week's average 30-year rate of 7.11%, buying the median Cragsmoor home of $228,300 with 20% down costs about $1,662 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,043, 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 $71,246 for the 20%-down payment. That payment is 25% of the median Cragsmoor household income of $79,618; at that income and 20% down, the 28% guideline points to a home of about $255,000.
| Down payment | $45,660 |
|---|---|
| Loan amount | $182,640 |
| Principal and interest | $1,229 |
| Property taxes (1.78% a year) | $339 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,662 |
Change the numbers in the calculator
| Down payment | $7,990 |
|---|---|
| Loan amount | $224,165 |
| Principal and interest | $1,508 |
| Property taxes (1.78% a year) | $339 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $2,043 |
Change the numbers in the calculator
Questions about home buying in Cragsmoor
What is the median home value in Cragsmoor?
About $228,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cragsmoor?
Homeowners pay a median $4,063 a year, which is about 1.78% 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 Cragsmoor?
For the median home with 20% down at 7.11%, the payment is about $1,662 a month. Keeping that under 28% of gross income takes about $71,246 a year.
More about Cragsmoor
- Mortgage Refinance in Cragsmoor
- Debt Relief in Cragsmoor
- Home Equity Loans in Cragsmoor
- 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