TrueAffordHome Affordability by State
What can you afford in New York?
A baseline estimate for a household earning $90,000 a year gross, with typical debts and expenses, a $30,000 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 1.30% of home value per year — the 11th highest in the country. Average homeowner's insurance runs near $1,356/year on a $300,000 home — the 11th lowest.
Comfortable
$248,219
Stretch
$309,371
Risky ceiling
$345,989
A lender would likely approve up to $345,989 on this baseline in New York — but this household's own budget, once real expenses are counted, can only sustain $309,371. That $36,618 gap is exactly the kind of overreach this calculator exists to flag before it becomes a monthly deficit.
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