Quick facts: Hobart, NY

Quick Facts

113.7
Cost of Living
above US average
400
Population
Crime rate Data is updating, will be available soon
$80,208
Median Income
below US average
$275,000
Median House Price
above US average
$2100.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $80,208.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $80,208
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2100.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $80,208
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hobart, NY

Hobart is a quaint village located in Delaware County, New York, nestled in the scenic Catskill Mountains region. Known for its vibrant community and rich history, Hobart is often referred to as the "Book Village" due to its numerous bookstores and literary events, attracting book lovers from around the region. The village boasts charming Main Street, lined with unique shops, art galleries, and cafes, offering a glimpse into its artistic spirit. With a small population, Hobart maintains a close-knit community vibe, where local events and gatherings take center stage, fostering connections among residents. Outdoor enthusiasts appreciate the village's proximity to beautiful landscapes, including the nearby Catskill Park, which offers ample opportunities for hiking, fishing, and winter sports. Historical sites and the stunning natural surroundings make Hobart a peaceful retreat for those looking to escape the hustle and bustle of city life. Overall, Hobart is a perfect blend of literary charm and natural beauty, making it an inviting destination for visitors and a delightful home for its residents.

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