The typical owner-occupied home in Dobbs Ferry is worth about $765,500, 81% above the New York median of $423,800 and 2.3 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.31% of their home's value, lower than the New York rate of 1.55%. The median household earns $165,417 a year, so the median home costs 4.6 times the median income (4.9 times for New York). 64% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Dobbs Ferry at a glance
| Dobbs Ferry | New York | U.S. | |
|---|---|---|---|
| Median home value | $765,500 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.31% | 1.55% | 0.94% |
| Median household income | $165,417 | $85,974 | $80,734 |
| Homes lived in by their owners | 64% | 54% | 65% |
| Owner homes with a mortgage | 61% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 22.5% | 21.0% |
| Median rent | $2,369 | $1,621 | $1,413 |
| Rent as a share of renters' income | 31.6% | 31.2% | 30.6% |
| Median year homes were built | 1955 | 1959 | 1980 |
| Vacant homes | 6.4% | 10.0% | 10.1% |
| Population | 11,443 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Dobbs Ferry
At this week's average 30-year rate of 7.11%, buying the median Dobbs Ferry home of $765,500 with 20% down costs about $5,274 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,673, 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 $226,041 for the 20%-down payment. That payment is 38% of the median Dobbs Ferry household income of $165,417; at that income and 20% down, the 28% guideline points to a home of about $560,000.
The median rent here is $2,369 a month, so owning the median home costs about $2,905 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $153,100 |
|---|---|
| Loan amount | $612,400 |
| Principal and interest | $4,120 |
| Property taxes (1.31% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $319 |
| PMI | $0 |
| Total per month | $5,274 |
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| Down payment | $26,792 |
|---|---|
| Loan amount | $751,635 |
| Principal and interest | $5,056 |
| Property taxes (1.31% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $319 |
| FHA mortgage insurance | $462 |
| Total per month | $6,673 |
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Questions about home buying in Dobbs Ferry
What is the median home value in Dobbs Ferry?
About $765,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dobbs Ferry?
Homeowners pay a median $10,001 a year, which is about 1.31% 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 Dobbs Ferry?
For the median home with 20% down at 7.11%, the payment is about $5,274 a month. Keeping that under 28% of gross income takes about $226,041 a year.
More about Dobbs Ferry
- Mortgage Refinance in Dobbs Ferry
- Debt Relief in Dobbs Ferry
- Home Equity Loans in Dobbs Ferry
- 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