Montgomery County, New York home prices
Typical home $213,640 · +3.3% in a year · property tax 2.46%
The typical home in Montgomery County is worth $213,640, 59% less than the New York typical home ($524,942). Values changed +3.3% in the past year and +28.4% over five years. Homeowners here pay a median 2.46% of their home's value in property tax each year ($5,252 on the typical home), versus 1.42% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $42,728 | $170,912 | $1,150 | $0 | $544 | $1,694 | $72,600 |
| 10% down | $21,364 | $192,276 | $1,293 | $80 | $544 | $1,918 | $82,200 |
| 5% down | $10,682 | $202,958 | $1,365 | $85 | $544 | $1,994 | $85,500 |
| 3.5% down (FHA) | $7,477 | $209,770 | $1,411 | $94 | $544 | $2,050 | $87,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.46% 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.
What it takes: see what you can afford by salary in New York · part of the Amsterdam metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wyoming County | $214,905 | +5.6% | 2.25% |
| Cortland County | $209,513 | +6.3% | 2.56% |
| Tioga County | $209,229 | +7.8% | 2.33% |
| Oswego County | $208,964 | +7.3% | 2.4% |
| Orleans County | $207,563 | +8.1% | 2.72% |
| Otsego County | $220,102 | +5.5% | 1.7% |
| Herkimer County | $204,078 | +6.2% | 2.1% |
| Broome County | $201,781 | +6.7% | 2.52% |
| Seneca County | $225,973 | +5.9% | 2.19% |
| Genesee County | $227,342 | +5.7% | 2.41% |
Frequently asked questions
What is the average home price in Montgomery County, NY?
The typical home value in Montgomery County is $213,640 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $72,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 2.46% of home value a year (Census ACS 2024 5-year estimates).