The typical owner-occupied home in Phoenicia is worth about $450,000, 6% above the New York median of $423,800 and 35% above the national median of $332,700. Owners pay a median $6,250 a year in property taxes, about 1.39% of their home's value, lower than the New York rate of 1.55%. 68% of occupied homes here are lived in by their owners, and 16% of those owners still have a mortgage.
Phoenicia at a glance
| Phoenicia | New York | U.S. | |
|---|---|---|---|
| Median home value | $450,000 | $423,800 | $332,700 |
| Median property tax paid per year | $6,250 | $6,582 | $3,119 |
| Property tax as a share of value | 1.39% | 1.55% | 0.94% |
| Median household income | – | $85,974 | $80,734 |
| Homes lived in by their owners | 68% | 54% | 65% |
| Owner homes with a mortgage | 16% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,555 | $1,963 |
| Median rent | $741 | $1,621 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 42.4% | 10.0% | 10.1% |
| Population | 271 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Phoenicia
At this week's average 30-year rate of 7.11%, buying the median Phoenicia home of $450,000 with 20% down costs about $3,130 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,880, 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 $134,164 for the 20%-down payment.
The median rent here is $741 a month, so owning the median home costs about $2,389 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,000 |
|---|---|
| Loan amount | $360,000 |
| Principal and interest | $2,422 |
| Property taxes (1.39% a year) | $521 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| PMI | $0 |
| Total per month | $3,130 |
Change the numbers in the calculator
| Down payment | $15,750 |
|---|---|
| Loan amount | $441,849 |
| Principal and interest | $2,972 |
| Property taxes (1.39% a year) | $521 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| FHA mortgage insurance | $199 |
| Total per month | $3,880 |
Change the numbers in the calculator
Questions about home buying in Phoenicia
What is the median home value in Phoenicia?
About $450,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Phoenicia?
Homeowners pay a median $6,250 a year, which is about 1.39% 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 Phoenicia?
For the median home with 20% down at 7.11%, the payment is about $3,130 a month. Keeping that under 28% of gross income takes about $134,164 a year.
More about Phoenicia
- Mortgage Refinance in Phoenicia
- Debt Relief in Phoenicia
- Home Equity Loans in Phoenicia
- 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