Quick facts: Sanborn, NY

Quick Facts

113.7
Cost of Living
above US average
1,499
Population
23.35
Crime Rate per 1000
above US average
$75,109
Median Income
below US average
$300,000
Median House Price
above US average
$1825.0
Average Rent
above US average
9%
Poverty Rate
below US average
4.5%
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 $75,109.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $300,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $75,109
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1825.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $75,109
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sanborn, NY

Sanborn is a charming, small hamlet located in Niagara County, New York. It's situated just north of the city of Niagara Falls and offers a quiet, rural atmosphere while still being close to larger urban areas. The community is primarily residential, with a mix of local businesses and services catering to residents' needs. Sanborn is known for its picturesque landscapes, featuring scenic farms and open spaces that reflect its agricultural roots. The hamlet is part of the Niagara Wheatfield Central School District, providing educational opportunities for families in the area. Outdoor enthusiasts can enjoy nearby parks and recreational areas, including the expansive Niagara River Corridor, where activities like hiking, fishing, and boating are popular. Sanborn's location offers easy access to attractions in Niagara Falls, including the famous waterfalls and various entertainment options. Overall, Sanborn is an inviting place for those looking for a peaceful lifestyle, with the benefits of nearby attractions and amenities provided by the larger cities in the region.

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