Compare New City, NY mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in New City.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New City. Plus, shopping lenders is free and there is no obligation.
August 14, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in New City. Understand how much you need to earn to afford a home in New City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in New City fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in New City is right for you.
The median home value for New City, NY (Rockland County) is $558,833
Based on current mortgage rates and a 10% down payment, you need to make $116,582 per year to buy the median priced home in New City
With this income, you could qualify for a $502,950 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in New City is $2,700
The median household income for New City, NY (Rockland County) is $100,534
Based on this income, you can afford a home valued at approximately $481,907
The home price you can afford to buy based on household income in New City is 86% of the median home value which means housing prices are expensive. New City (Rockland County) ranks 56 out of 62 counties in New York and 2,946 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in New City, NY is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New City (Rockland County) below.
Conforming loan limits for New City, NY
FHA loan limits for New City, NY