Quick facts: Altmar, NY

Quick Facts

113.7
Cost of Living
above US average
310
Population
48.39
Crime Rate per 1000
above US average
$50,536
Median Income
below US average
$174,900
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,536.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $174,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $50,536
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $50,536
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Altmar, NY

Altmar is a quaint village located in Oswego County, New York, nestled in the scenic landscape of the Tug Hill Plateau and nearby the picturesque Salmon River. Known for its small-town charm, Altmar offers a peaceful rural lifestyle, making it appealing to those who enjoy nature and outdoor activities. The village is primarily residential but is surrounded by natural beauty, attracting fishing enthusiasts and nature lovers, especially in the fall when salmon run up the river. The Salmon River is a popular destination for fishing, known for its salmon and steelhead trout populations. Altmar is close to several state parks and recreational areas, providing opportunities for hiking, kayaking, and camping. The community is close-knit, with local events and seasonal activities that bring residents together. Despite its small size, Altmar boasts a rich history and a variety of local businesses, including small shops and eateries. Overall, Altmar encapsulates the charm of rural New York, offering tranquility and a connection to nature while being within reach of larger cities for additional amenities.

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