Quick facts: Kiamesha lake, NY

Quick Facts

113.7
Cost of Living
above US average
321
Population
155.76
Crime Rate per 1000
above US average
$73,300
Median Income
below US average
$199,900
Median House Price
above US average
$1950.0
Average Rent
above US average
10%
Poverty Rate
below US average
5.5%
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 $73,300.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $199,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($73,300) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1950.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $73,300
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kiamesha lake, NY

Kiamesha Lake is a small hamlet located in the Town of Thompson, Sullivan County, New York. Nestled in the scenic Catskills region, it offers a tranquil setting surrounded by lush forests and gentle hills, making it an ideal spot for nature lovers and outdoor enthusiasts. The area is primarily residential, featuring a mix of single-family homes and vacation properties. Historically, Kiamesha Lake has been known as a resort destination, particularly during the mid-20th century when it attracted visitors looking to escape the city and enjoy recreational activities such as fishing, boating, and hiking in the nearby mountains. The hamlet is situated close to several popular attractions, including the Bethel Woods Center for the Arts and the revitalized Catskill region, known for its rich cultural history. Nearby, the larger town of Monticello offers additional amenities and services, including shopping, dining, and entertainment options. Kiamesha Lake's calm ambiance and proximity to larger urban centers make it a unique blend of rural charm and accessibility. The area's natural beauty and recreational opportunities continue to appeal to both residents and visitors alike.

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