Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Solvay

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

Median Home$143,250
Median Rent$945/month
Population6,544
Leading IndustryPublic Administration30% of local workforce
Home Value Growth⬆⬆⬆+22.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners51% of occupied units
NotableAmenity Score69/100 · highly walkable area
Solvay
NY

Frequently Asked Questions

What are today's mortgage rates in Solvay?

As of today, the 30-year fixed mortgage rate for Solvay is approximately 7.094% (7.140% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Solvay
What is the median home price in Solvay?

The median home value in Solvay is $143k. The median monthly rent is $945. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Solvay?

Home values in Solvay have increased 22.5% 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 Solvay?

Based on a typical all-in ownership cost of $952/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Solvay is $60k/year.

Calculate your buying power
What industries drive the economy in Solvay?

The largest employment sectors in Solvay are public administration (30%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.