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Dannemora

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

Median Home$128,296
Median Rent$857/month
Population2,928
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality7% finance & insurance
Home Value Growth⬆⬆+14.9% over 2 years
Young Adults26% of residents
Homeowners82% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Dannemora
NY

Frequently Asked Questions

What are today's mortgage rates in Dannemora?

As of today, the 30-year fixed mortgage rate for Dannemora is approximately 6.942% (6.980% 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 Dannemora?

The median home value in Dannemora is $128k. The median monthly rent is $857. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dannemora?

Home values in Dannemora have increased 14.9% 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 Dannemora?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dannemora is $70k/year.

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What industries drive the economy in Dannemora?

The largest employment sectors in Dannemora are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.