Quick facts: Fort covington, NY

Quick Facts

113.7
Cost of Living
above US average
1,604
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$85,000
Median House Price
above US average
$2943
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $0.

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Income Needed to Buy

βœ— Stretch
$27k/year
Based on $85,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $27k vs median $0
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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 $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort covington, NY

Fort Covington is a quaint village located in Franklin County, New York. Nestled near the Canadian border and along the banks of the Salmon River, it is part of the larger town of Fort Covington. This small community features a rural setting with a close-knit atmosphere and a rich history rooted in its agricultural background. The village is characterized by its charming, historic architecture and a peaceful environment, making it appealing for those seeking a slower-paced lifestyle. Residents often engage in outdoor activities, benefiting from the nearby natural resources, including fishing and hiking opportunities. Fort Covington is also known for its local festivals and community events, which foster a strong sense of camaraderie among residents. The nearby towns provide additional amenities and services, making it a convenient spot while still retaining its small-town charm. The larger cities of Malone and Massena are just a short drive away, offering more extensive shopping, dining, and cultural experiences.

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