The typical owner-occupied home in High Falls is worth about $234,000, 45% below the New York median of $423,800 and 30% below the national median of $332,700. Owners pay a median $4,333 a year in property taxes, about 1.85% of their home's value, higher than the New York rate of 1.55%. 69% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
High Falls at a glance
| High Falls | New York | U.S. | |
|---|---|---|---|
| Median home value | $234,000 | $423,800 | $332,700 |
| Median property tax paid per year | $4,333 | $6,582 | $3,119 |
| Property tax as a share of value | 1.85% | 1.55% | 0.94% |
| Median household income | – | $85,974 | $80,734 |
| Homes lived in by their owners | 69% | 54% | 65% |
| Owner homes with a mortgage | 54% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,608 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 22.5% | 21.0% |
| Median rent | $3,044 | $1,621 | $1,413 |
| Rent as a share of renters' income | 29.6% | 31.2% | 30.6% |
| Median year homes were built | 1953 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 887 | 19,852,366 | 334,922,499 |
What a typical home costs per month in High Falls
At this week's average 30-year rate of 7.11%, buying the median High Falls home of $234,000 with 20% down costs about $1,718 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,107, 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 $73,610 for the 20%-down payment.
The median rent here is $3,044 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $46,800 |
|---|---|
| Loan amount | $187,200 |
| Principal and interest | $1,259 |
| Property taxes (1.85% a year) | $361 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| PMI | $0 |
| Total per month | $1,718 |
Change the numbers in the calculator
| Down payment | $8,190 |
|---|---|
| Loan amount | $229,762 |
| Principal and interest | $1,546 |
| Property taxes (1.85% a year) | $361 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| FHA mortgage insurance | $104 |
| Total per month | $2,107 |
Change the numbers in the calculator
Questions about home buying in High Falls
What is the median home value in High Falls?
About $234,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in High Falls?
Homeowners pay a median $4,333 a year, which is about 1.85% 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 High Falls?
For the median home with 20% down at 7.11%, the payment is about $1,718 a month. Keeping that under 28% of gross income takes about $73,610 a year.
More about High Falls
- Mortgage Refinance in High Falls
- Debt Relief in High Falls
- Home Equity Loans in High Falls
- 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