Quick facts: Hamden, NY

Quick Facts

113.7
Cost of Living
above US average
1,218
Population
8.21
Crime Rate per 1000
below US average
$58,000
Median Income
below US average
$279,000
Median House Price
above US average
$2943
Average Rent
above US average
8%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $58,000.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $58,000
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $58,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hamden, NY

Hamden is a quaint town located in Delaware County, New York, known for its serene landscapes and small-town charm. Nestled in the foothills of the Catskill Mountains, it offers a picturesque environment perfect for nature lovers and outdoor enthusiasts. The area is characterized by rolling hills, lush forests, and clear streams, providing ample opportunities for hiking, fishing, and exploring. The town maintains a close-knit community feel, with local events fostering a sense of togetherness among residents. Hamden has a rich history, with several historic sites and structures that reflect its heritage. While primarily residential, the town supports small businesses that cater to the local population. For amenities, residents often visit nearby larger towns like Walton or Delhi, offering shopping, dining, and recreational facilities. The area boasts a peaceful rural lifestyle, making it an excellent choice for those seeking tranquility away from urban sprawl. The beautiful scenery and friendly atmosphere make Hamden, NY, a hidden gem in the Catskills region.

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