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Refinancing a mortgage in Fleischmanns, New York

The typical owner-occupied home in Fleischmanns is worth about $281,300, 34% below the New York median of $423,800 and 15% below the national median of $332,700. Owners pay a median $3,960 a year in property taxes, about 1.41% of their home's value, lower than the New York rate of 1.55%. The median household earns $101,667 a year, so the median home costs 2.8 times the median income (4.9 times for New York). 84% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.

Fleischmanns at a glance

Fleischmanns New York U.S.
Median home value $281,300 $423,800 $332,700
Median property tax paid per year $3,960 $6,582 $3,119
Property tax as a share of value 1.41% 1.55% 0.94%
Median household income $101,667 $85,974 $80,734
Homes lived in by their owners 84% 54% 65%
Owner homes with a mortgage 29% 58% 61%
Median monthly costs, owners with a mortgage $1,854 $2,555 $1,963
Those costs as a share of the owners' income 35.0% 22.5% 21.0%
Median rent – $1,621 $1,413
Median year homes were built 1942 1959 1980
Vacant homes 77.2% 10.0% 10.1%
Population 148 19,852,366 334,922,499

What refinancing could save in Fleischmanns

Fleischmanns owners with a mortgage pay a median $1,854 a month for their mortgage, taxes, insurance and utilities, about 35.0% of their household income.

Say you owe $169,000, about 60% of the median home value here, on a 30-year loan at 8.11%. Refinancing into a new 30-year loan at this week's average of 7.11% would cut principal and interest from $1,253 to $1,137, saving about $116 a month.

Closing costs often run 2% to 5% of the loan. At 3%, about $5,100, the savings would cover the costs in about 44 months, so refinancing pays off if you keep the home longer than that.

A 15-year loan at 6.45% would raise the payment to $1,468, but you'd pay $145,118 less interest than on the new 30-year loan.

The average 30-year rate is 0.87 percentage points higher than a year ago, when it was 6.24%.

Refinancing a $169,000 balance
Current loan at 8.11%, 30 years$1,253
New 30-year loan at 7.11%$1,137
New 15-year loan at 6.45%$1,468
Monthly savings with the new 30-year loan$116

Principal and interest only; taxes and insurance stay the same.

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Questions about mortgage refinance in Fleischmanns

What is the median home value in Fleischmanns?

About $281,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Fleischmanns?

Homeowners pay a median $3,960 a year, which is about 1.41% of the median home value. Your bill depends on your home's assessed value and local rates.

When does refinancing make sense?

When the monthly savings repay your closing costs before you expect to sell or refinance again. This week's average rates are 7.11% for 30 years and 6.45% for 15 years.

More about Fleischmanns

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