The housing market is booming. Not only is the cost to buy a home going through the roof, mortgage rates are also on the rise. Home prices increased more than 30 percentage points in some counties across the country.

The most expensive place to buy a home in New York is in New York County where the average price is $1,306,210 with monthly mortgage payments of $5,007, up from $4,314 in the last quarter of 2020, according to The National Association of Realtors.

Credit - National Association of Realtors
Credit - National Association of Realtors
loading...

Cheapest Homes in New York

So where is the cheapest place to buy a home in the Empire State? Only two Central New York counties made the top 10 for least expensive homes and monthly mortgage rates.

#1. Allegany County

- Monthly mortgage payment: $336
- Monthly mortgage payment in 2020: $306
- Median home value: $95,435
- Median home value in 2020: $82,600

Google Maps
Google Maps
loading...

#2. Cattaraugus County

- Monthly mortgage payment: $449
- Monthly mortgage payment in 2020: $375
- Median home value: $117,046
- Median home value in 2020: $101,300

Google Maps
Google Maps
loading...

#3. Chautauqua County

- Monthly mortgage payment: $455
- Monthly mortgage payment in 2020: $380
- Median home value: $118,669
- Median home value in 2020: $102,700

Google Maps
Google Maps
loading...

#4. Orleans County

- Monthly mortgage payment: $467
- Monthly mortgage payment in 2020: $393
- Median home value: $121,760
- Median home value in 2020: $106,200

Google Maps
Google Maps
loading...

#5. Chenango County

- Monthly mortgage payment: $471
- Monthly mortgage payment in 2020: $394
- Median home value: $122,917
- Median home value in 2020: $106,400

Google Maps
Google Maps
loading...

#6. Herkimer County

- Monthly mortgage payment: $471
- Monthly mortgage payment in 2020: $400
- Median home value: $122,824
- Median home value in 2020: $108,000

Google Maps
Google Maps
loading...

#7. Chemung County

- Monthly mortgage payment: $473
- Monthly mortgage payment in 2020: $405
- Median home value: $123,379
- Median home value in 2020: $109,300

Google Maps
Google Maps
loading...

#8. St. Lawrence County

- Monthly mortgage payment: $487
- Monthly mortgage payment in 2020: $408 (6.6% less than 2019)
- Median home value: $127,164
- Median home value in 2020: $110,100

Google Maps
Google Maps
loading...

#9. Montgomery County

- Monthly mortgage payment in 2019: $505
- Monthly mortgage payment in 2020: $422
- Median home value: $131,661
- Median home value in 2020: $114,000

Google Maps
Google Maps
loading...

#10. Oswego County

- Monthly mortgage payment: $509
- Monthly mortgage payment in 2020: $425
- Median home value: $132,745
- Median home value in 2020: $114,800

Google Maps
Google Maps
loading...

Central New York Counties

Oneida and Madison counties in Central New York have higher monthly mortgage rates and average home values.

#26. Oneida County

- Monthly mortgage payment: $648
- Monthly mortgage payment in 2020: $551
- Median home value: $169,129
- Median home value in 2020: $148,700

Google Maps
Google Maps
loading...

#28. Madison County

- Monthly mortgage payment: $670
- Monthly mortgage payment in 2020: $560
- Median home value: $174,835
- Median home value in 2020: $151,200

Google Maps
Google Maps
loading...

See the full list of average home prices and mortgage payments in any county across the county at the National Association of Realtors.

Rumored Haunted Mansion in Camden Goes From Spooky to Spectacular

A historic mansion from the 1800s that was once rumored to be haunted has gone from spooky to spectacular.

One of a Kind 20 Bedroom $8 Million Lake George Mansion on Private Island

A one-of-a-kind 20-bedroom $8 million mansion on a private Lake George island is back on the market and the price has been slashed almost in half. Step inside and see what 8 mill buys you.

Historic Prohibition Island in Upstate NY Has New Owners

Historic Prohibition Island in Clayton, New York has new owners.

More From Lite 98.7