Quick facts: Otisville, NY

Quick Facts

113.7
Cost of Living
above US average
999
Population
12.01
Crime Rate per 1000
below US average
$79,615
Median Income
below US average
$449,000
Median House Price
above US average
$2575.0
Average Rent
above US average
7%
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 $79,615.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $449,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $79,615
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Income Needed to Rent

⚠ Stretch
$110k/year
Based on $2575.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $110k vs median $79,615
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Otisville, NY

Otisville is a small village located in Orange County, New York, nestled in the picturesque Hudson Valley region. With a population of around 1,200 residents, it boasts a tight-knit community atmosphere. Otisville was incorporated in 1891 and has a rich history linked to the agricultural and railroad industries. The village is situated near the junction of several scenic byways, making it a gateway for exploring the natural beauty of the area. One of Otisville's notable features is its proximity to the Appalachian Trail, attracting outdoor enthusiasts who enjoy hiking and nature activities. The village also has a mix of historic homes and modern amenities, providing a charming blend of old and new. While Otisville may be small, it offers local shops, dining options, and recreational parks for residents and visitors alike. The area is served by the Minisink Valley Central School District, enhancing its appeal for families. Overall, Otisville represents a tranquil escape with a welcoming ambiance, steeped in history and surrounded by natural wonders.

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