Quick facts: Northville, NY

Quick Facts

113.7
Cost of Living
above US average
1,829
Population
1.64
Crime Rate per 1000
below US average
$114,635
Median Income
above US average
$199,500
Median House Price
above US average
$2800.0
Average Rent
above US average
5%
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 $114,635.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $199,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($114,635) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$120k/year
Based on $2800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $120k vs median $114,635
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Northville, NY

Northville, located in Fulton County, New York, is a charming small village situated at the northern end of the Great Sacandaga Lake. This picturesque location is characterized by its scenic natural beauty, with abundant outdoor recreational opportunities that attract nature enthusiasts year-round. The village has a rich history, dating back to the 19th century, which is reflected in its quaint architecture and sense of community. Northville offers a range of amenities including local shops, restaurants, and recreational facilities, making it a cozy spot for residents and visitors alike. Outdoor activities such as hiking, fishing, and boating are popular in the summer, while winter months provide opportunities for snowmobiling and ice fishing, thanks to the village's proximity to the beautiful Adirondack Mountains. With a small population, Northville embodies a tight-knit community atmosphere, perfect for those looking to escape the hustle and bustle of city life. The area's stunning lakeside views and lush landscapes make it an idyllic retreat for both weekend getaways and permanent residencies.

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