The typical owner-occupied home in Rifton is worth about $227,800, 46% below the New York median of $423,800 and 32% below the national median of $332,700. Owners pay a median $6,138 a year in property taxes, about 2.69% of their home's value, higher than the New York rate of 1.55%. The median household earns $2,499 a year, so the median home costs 91.2 times the median income (4.9 times for New York). 90% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Rifton at a glance
| Rifton | New York | U.S. | |
|---|---|---|---|
| Median home value | $227,800 | $423,800 | $332,700 |
| Median property tax paid per year | $6,138 | $6,582 | $3,119 |
| Property tax as a share of value | 2.69% | 1.55% | 0.94% |
| Median household income | $2,499 | $85,974 | $80,734 |
| Homes lived in by their owners | 90% | 54% | 65% |
| Owner homes with a mortgage | 9% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,555 | $1,963 |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 541 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Rifton
At this week's average 30-year rate of 7.11%, buying the median Rifton home of $227,800 with 20% down costs about $1,832 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,211, 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 $78,493 for the 20%-down payment. That payment is 879% of the median Rifton household income of $2,499; at that income and 20% down, the 28% guideline points to a home of about $7,000.
| Down payment | $45,560 |
|---|---|
| Loan amount | $182,240 |
| Principal and interest | $1,226 |
| Property taxes (2.69% a year) | $511 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,832 |
Change the numbers in the calculator
| Down payment | $7,973 |
|---|---|
| Loan amount | $223,674 |
| Principal and interest | $1,505 |
| Property taxes (2.69% a year) | $511 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $2,211 |
Change the numbers in the calculator
Questions about home buying in Rifton
What is the median home value in Rifton?
About $227,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rifton?
Homeowners pay a median $6,138 a year, which is about 2.69% 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 Rifton?
For the median home with 20% down at 7.11%, the payment is about $1,832 a month. Keeping that under 28% of gross income takes about $78,493 a year.
More about Rifton
- Mortgage Refinance in Rifton
- Debt Relief in Rifton
- Home Equity Loans in Rifton
- 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