Quick facts: Wappingers falls, NY

Quick Facts

113.7
Cost of Living
above US average
6,064
Population
11.38
Crime Rate per 1000
below US average
$61,554
Median Income
below US average
$525,000
Median House Price
above US average
$2411.54
Average Rent
above US average
5%
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 $61,554.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $61,554
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2411.54/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $61,554
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wappingers falls, NY

Wappingers Falls is a charming village located in Dutchess County, New York, nestled along the Hudson River. Known for its picturesque scenery, the village features a mix of natural beauty, historical significance, and small-town appeal. The area is characterized by its scenic parks, including the popular Wappingers Falls Park, which offers opportunities for hiking, picnicking, and enjoying the outdoors. Historically, Wappingers Falls was a vital center for industry, particularly in the late 19th and early 20th centuries, with its water-powered mills contributing to its economic growth. Today, remnants of this industrial past can still be seen, adding character to the town. The village has a strong sense of community, hosting various events throughout the year, including festivals and farmers' markets. Arts and culture are prominent, with local galleries and theaters contributing to the vibrant atmosphere. Located near major transportation routes, Wappingers Falls provides easy access to larger nearby cities like Poughkeepsie and Newburgh, making it an attractive location for those looking to enjoy a suburban lifestyle with close proximity to urban amenities. Its friendly community, beautiful landscapes, and rich history make Wappingers Falls a delightful place to live or visit.

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