The typical owner-occupied home in Port Chester is worth about $582,600, 37% above the New York median of $423,800 and 75% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.72% of their home's value, higher than the New York rate of 1.55%. The median household earns $92,222 a year, so the median home costs 6.3 times the median income (4.9 times for New York). 46% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Port Chester at a glance
| Port Chester | New York | U.S. | |
|---|---|---|---|
| Median home value | $582,600 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.72% | 1.55% | 0.94% |
| Median household income | $92,222 | $85,974 | $80,734 |
| Homes lived in by their owners | 46% | 54% | 65% |
| Owner homes with a mortgage | 67% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,885 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 33.2% | 22.5% | 21.0% |
| Median rent | $2,028 | $1,621 | $1,413 |
| Rent as a share of renters' income | 31.1% | 31.2% | 30.6% |
| Median year homes were built | 1954 | 1959 | 1980 |
| Vacant homes | 3.4% | 10.0% | 10.1% |
| Population | 31,102 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Port Chester
At this week's average 30-year rate of 7.11%, buying the median Port Chester home of $582,600 with 20% down costs about $4,213 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,184, 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 $180,564 for the 20%-down payment. That payment is 55% of the median Port Chester household income of $92,222; at that income and 20% down, the 28% guideline points to a home of about $298,000.
The median rent here is $2,028 a month, so owning the median home costs about $2,185 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $116,520 |
|---|---|
| Loan amount | $466,080 |
| Principal and interest | $3,135 |
| Property taxes (1.72% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $243 |
| PMI | $0 |
| Total per month | $4,213 |
Change the numbers in the calculator
| Down payment | $20,391 |
|---|---|
| Loan amount | $572,048 |
| Principal and interest | $3,848 |
| Property taxes (1.72% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $243 |
| FHA mortgage insurance | $258 |
| Total per month | $5,184 |
Change the numbers in the calculator
Questions about home buying in Port Chester
What is the median home value in Port Chester?
About $582,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Chester?
Homeowners pay a median $10,001 a year, which is about 1.72% 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 Port Chester?
For the median home with 20% down at 7.11%, the payment is about $4,213 a month. Keeping that under 28% of gross income takes about $180,564 a year.
More about Port Chester
- Mortgage Refinance in Port Chester
- Debt Relief in Port Chester
- Home Equity Loans in Port Chester
- 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