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Myers Corner Real Estate Market Facts

  • $307,100Median home price
    7% higher than New York
  • $1,700Median rent asked
    47% higher than New York
  • 94.3%Home owners
    76% higher than New York
  • 2.5People per home
    4% lower than New York
Above, you will see a summary of real estate in Myers Corner, NY. On average, homes in Myers Corner, NY cost $307,100, a value that is 7% higher than the average in New York. In general terms, this results in Myers Corner, NY real estate being less affordable than New York real estate. On average, people who rent houses in Myers Corner, NY pay $1,700; this value is 47% higher than the average amount renters pay in New York. 94.3% of Myers Corner, NY residents own their own homes and, on average, each of the homes has 2.5 occupants. Myers Corner, NY real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Myers Corner, NY is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Myers Corner Home Affordability

  • $307,100Median home price
    7% higher than New York
  • $95,809Median home income
    58% higher than New York
  • 3.2xHome price to income ratio
    32% lower than New York
It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Myers Corner, NY. To estimate home affordability, one method is to use the ratio of home price to median household income. The Myers Corner, NY’s median home price stands at $307,100 while $95,809 is the value of the average household income. The resulting home price to income ratio, which is 3.2x, differs from the New York average as the ratio is 32% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Myers Corner, NY are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Myers Corner, NY.

Myers Corner Affordability Calculator

Include PMI
You can afford a home up to:
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  • Monthly income
  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder
Are you looking for real estate in Myers Corner, NY? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in Myers Corner, NY and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

Myers Corner Mortgage Calculator

Your monthly payment will be:
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  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues
What will I pay monthly if I buy real estate in Myers Corner, NY? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

Myers Corner Demographics

  • 6,908Population
  • 1,377People / sq mile
  • 44.0Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
West Point, NY6,606$0100%
Newburgh, NY28,406$165,90010%
Copake Hamlet, NY161$171,4007%
Mountain Lodge Park, NY1,726$174,9005%
Poughkeepsie, NY30,511$193,1005%
Myers Corner, NY6,908$307,10066%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Ogden, NC6,909$279,60051%
Kentfield, CA6,907$1,685,800813%
Gulf Park Estates, MS6,904$135,10027%
Tappan, NY6,913$471,800155%
Tamaqua, PA6,901$56,10070%
Myers Corner, NY6,908$307,10066%
Source: The Myers Corner, NY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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