Quick facts: Nelliston, NY

Quick Facts

113.7
Cost of Living
above US average
570
Population
17.54
Crime Rate per 1000
below US average
$38,264
Median Income
below US average
$178,000
Median House Price
above US average
$2943
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
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 $38,264.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $178,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $38,264
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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 $38,264
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nelliston, NY

Nelliston is a small village located in Montgomery County, New York. Nestled along the banks of the Mohawk River, Nelliston is part of the larger Fort Plain area. This charming community offers a rural setting with a rich history dating back to the early 19th century. The village is characterized by its quaint homes, friendly atmosphere, and picturesque landscapes. The population is relatively small, which fosters a close-knit community vibe. Residents enjoy local parks and outdoor activities, with the Mohawk River providing opportunities for fishing and boating. Nelliston is in proximity to historical sites and larger towns, facilitating access to additional amenities like shopping and dining. The village is served by the Fort Plain Central School District, ensuring educational opportunities for families. While Nelliston may not have the bustling activity of larger cities, it offers a serene and peaceful lifestyle, making it an appealing option for those seeking a quieter place to live while remaining close to urban conveniences.

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