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Beacon

Learn about the people, housing, costs and businesses in Beacon, New York

Median Home$476,633
Median Rent$1,768/month
Population14,521
Leading IndustriesArts, Food & Hospitality · Education · Healthcare12% arts, food & hospitality
Home Value Growth⬆⬆+17.3% over 2 years
Young Adults23% of residents
Homeowners61% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit89/100 · excellent transit access
Beacon
NY

Frequently Asked Questions

What are today's mortgage rates in Beacon?

As of today, the 30-year fixed mortgage rate for Beacon is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Beacon?

The median home value in Beacon is $477k. The median monthly rent is $1,768. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Beacon?

Home values in Beacon have increased 17.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Beacon?

Based on a typical all-in ownership cost of $1,853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Beacon is $103k/year.

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What industries drive the economy in Beacon?

The largest employment sectors in Beacon are public administration (28%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.