How much house can I afford on $60,000 in New York?
About $198,000 with 20% down ($160,000 with an FHA loan), using New York's 1.42% property tax rate.
That is $326,877 less than the typical New York home ($524,942), so on $60,000 you'd look at cheaper areas or a smaller home. The payment of $1,400 covers $1,066 principal and interest, $235 property tax and $99 insurance.
Counties in New York you can afford on $60,000
8 of 62 counties have a typical home value at or below $198,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chautauqua County | $180,657 | +4.8% | 2.27% |
| Franklin County | $178,454 | +7.6% | 1.68% |
| Steuben County | $172,442 | +4.1% | 2.46% |
| Cattaraugus County | $168,287 | +4.6% | 2.64% |
| Chenango County | $166,867 | +8.2% | 2.26% |
| Chemung County | $166,618 | +6.6% | 2.45% |
| Saint Lawrence County | $149,753 | +6.4% | 2.33% |
| Allegany County | $141,748 | +6.7% | 2.92% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 1.42% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in New York
Frequently asked questions
How much house can I afford on $60,000 in New York?
About $198,000 with 20% down at 7.11%, keeping the payment (with New York's 1.42% property tax and insurance) under $1,400 a month.
Is $60,000 enough to buy a house in New York?
Not the typical home: the typical New York home is worth $524,942 (Zillow, September 2026) and $60,000 supports about $198,000. 8 of 62 counties are within budget.