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Ransomville

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

Median Home$210,774
Median Rent$1,117/month
Population1,351
Leading IndustriesRetail · Professional Services25% retail
Home Value Growth⬆⬆+16.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners76% of occupied units
Ransomville
NY

Frequently Asked Questions

What are today's mortgage rates in Ransomville?

As of today, the 30-year fixed mortgage rate for Ransomville is approximately 6.941% (6.979% 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 Ransomville?

The median home value in Ransomville is $211k. The median monthly rent is $1,117. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ransomville?

Home values in Ransomville have increased 16.0% 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 Ransomville?

Based on a typical all-in ownership cost of $1,076/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ransomville is $78k/year.

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What industries drive the economy in Ransomville?

The largest employment sectors in Ransomville are retail (25%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.