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Galway village, NY

ZIP 12074 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12074

Median Home Value
$287,600
Median Rent
$1,196
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,847/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 12074 in Galway village, NY, a household would need roughly $79,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,847. That sits below the local median household income ($91,901), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
91.1%+39% vs US avg
x
Vacancy Rate
24.7%+140% vs US avg
x
Broadband Access
95.1%+9% vs US avg
x
4+ Bedrooms
8.9%-40% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
33.1%-13% vs US avg
x
$287,600
Home Value
$1,196
Rent
1981
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.4%
  • 1-unit attached1.1%
  • 2-9 units3.9%
  • 10+ units0.0%
  • Mobile home & other8.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$287,600
Median rent$1,196
Owner-occupied91.1%
Vacant24.7%
Price-to-income3.1x
Est. income to buy$79,000