Malone, NY home prices
Typical home $178,424 · +7.6% in a year · income needed $55,700
The Malone, NY metro area ranks 727 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.6% in a year and +23.5% over five years. With 20% down at 7.11%, the typical home costs about $1,299 a month including 1.68% property tax (Franklin County rate).
Mortgage on the typical Malone home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,685 | $142,739 | $960 | $0 | $339 | $1,299 | $55,700 |
| 10% down | $17,842 | $160,581 | $1,080 | $67 | $339 | $1,486 | $63,700 |
| 5% down | $8,921 | $169,502 | $1,140 | $71 | $339 | $1,550 | $66,400 |
| 3.5% down (FHA) | $6,245 | $175,192 | $1,179 | $79 | $339 | $1,596 | $68,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.68% 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.
Counties in the Malone area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Franklin County, NY | $178,454 | +7.6% | 1.68% |
What can you afford in New York on your salary? · New York home prices · Salaries in New York
Frequently asked questions
How much is a house in Malone?
The typical home in the Malone, NY metro area is worth $178,424 (Zillow, September 2026).
What salary do you need to buy a house in Malone?
About $55,700 a year for the typical home with 20% down at 7.11%.