TrueAffordHome Affordability by State
What can you afford in New York?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using New York's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
New York's effective property tax rate is around 1.40% of home value per year — the 10th highest in the country. Average homeowner's insurance runs near $1,750/year on a $300,000 home — the 23rd lowest.
Comfortable
$295,738
Stretch
$342,795
Risky ceiling
$371,029
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in New York — the DTI ratio, not the household budget, is what limits the number here.
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