The typical owner-occupied home in Fort Edward is worth about $176,100, 58% below the New York median of $423,800 and 47% below the national median of $332,700. Owners pay a median $4,208 a year in property taxes, about 2.39% of their home's value, higher than the New York rate of 1.55%. The median household earns $71,845 a year, so the median home costs 2.5 times the median income (4.9 times for New York). 64% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Fort Edward at a glance
| Fort Edward | New York | U.S. | |
|---|---|---|---|
| Median home value | $176,100 | $423,800 | $332,700 |
| Median property tax paid per year | $4,208 | $6,582 | $3,119 |
| Property tax as a share of value | 2.39% | 1.55% | 0.94% |
| Median household income | $71,845 | $85,974 | $80,734 |
| Homes lived in by their owners | 64% | 54% | 65% |
| Owner homes with a mortgage | 68% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,611 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 22.5% | 21.0% |
| Median rent | $971 | $1,621 | $1,413 |
| Rent as a share of renters' income | 32.4% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 7.7% | 10.0% | 10.1% |
| Population | 3,152 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Fort Edward
At this week's average 30-year rate of 7.11%, buying the median Fort Edward home of $176,100 with 20% down costs about $1,372 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,665, 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 $58,792 for the 20%-down payment. That payment is 23% of the median Fort Edward household income of $71,845; at that income and 20% down, the 28% guideline points to a home of about $215,000.
The median rent here is $971 a month, so owning the median home costs about $401 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,220 |
|---|---|
| Loan amount | $140,880 |
| Principal and interest | $948 |
| Property taxes (2.39% a year) | $351 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,372 |
Change the numbers in the calculator
| Down payment | $6,164 |
|---|---|
| Loan amount | $172,910 |
| Principal and interest | $1,163 |
| Property taxes (2.39% a year) | $351 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $78 |
| Total per month | $1,665 |
Change the numbers in the calculator
Questions about home buying in Fort Edward
What is the median home value in Fort Edward?
About $176,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fort Edward?
Homeowners pay a median $4,208 a year, which is about 2.39% 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 Fort Edward?
For the median home with 20% down at 7.11%, the payment is about $1,372 a month. Keeping that under 28% of gross income takes about $58,792 a year.
More about Fort Edward
- Mortgage Refinance in Fort Edward
- Debt Relief in Fort Edward
- Home Equity Loans in Fort Edward
- 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