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City · 9,803 residents · Rockland County, New York

New Square , New York

In New Square, a typical home is worth $662,400 and typical rent is $1,799 a month. Compared with all of Rockland County, typical household income is 71% lower, the typical home value is 11% higher, and the share of households that own their home is 53 points lower.

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  • Typical home value

    $662,400

    11% above the county

    56% above New York

    • New Square
    • Rockland
    • New York

  • Typical rent

    $1,799a month

    5% below the county

    11% above New York

    • New Square
    • Rockland
    • New York

  • Typical household income

    $31,443a year

    71% below the county

    63% below New York

    • New Square
    • Rockland
    • New York

  • Households that own their home

    15%

    53 points below the county

    40 points below New York

    • New Square
    • Rockland
    • New York

Source: U.S. Census Bureau, Average 2020–2024

New Square is in Rockland County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Rockland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets New Square apart

What this place has that others do not, from public data, most unusual first.

  1. New Square has the lowest homeownership rate of the 347 cities in New York with more than 5,000 people: 15%.

  2. 85% of households in New Square have no internet at home (11% in Rockland County).

  3. New Square has the 2nd lowest typical household income of the 350 cities in New York with more than 5,000 people ($31,443).

  4. Nearby, in Spring Valley, the typical home value is $381,800: 42% less than in New Square ($662,400).

  5. New Square has the 15th largest share of rent-burdened renters of the 300 cities in New York with more than 5,000 people (79%).

  6. Nearby, in Kaser, the typical rent is $1,341: 25% less than in New Square ($1,799).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in New Square

What homes there are in New Square, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In New Square there is a bit of everything: no kind of home reaches half. The most common are buildings of 2 to 4 homes (45%), more than in Rockland County (14%).

Year built

Here half of the homes date from 2000 or later; in Rockland County, from 1971 or later.

Much as in Rockland County, 70% of homes in New Square have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

Owners with a mortgage

69%

Rockland County: 63%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in New Square did not change clearly: the difference is within the Census margin of error.

Since 2015–2019, the typical rent in New Square rose 33%, more than in Rockland County (26%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNew SquareRockland CountyNew YorkUnited States
Rental vacancy Unreliable estimate2.6%3.8%5.5%
Homeowner vacancy Unreliable estimate0.8%1.1%0.9%
More than one person per room 33.6%6.9%5.3%3.4%
People per household 5.293.222.492.53
Drive alone 27%65%49%69%
Carpool Unreliable estimate10%6%9%
Public transit Unreliable estimate6%22%3%
Walk or bike 53%3%6%3%
Work from home 8%13%15%15%
Other means Unreliable estimate3%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

In New Square, 33.6% of households live with more than one person per room, against 6.9% in Rockland County.

On average, a household in New Square has 5.29 people, more than in Rockland County (3.22).

Many here get to work on foot or by bike: 53%, more than in Rockland County (3%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in New Square?

A typical home costs more than the typical income allows

We start with a typical home in New Square, worth $662,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 222% of the typical household income in New Square, which is $31,443 a year. For that payment to be 28% of income, a household would need to earn about $248,938 a year.

The calculator's FHA and conventional loan limits are those of all of Rockland County.

Your numbers

Local data
$

Starts at the typical home value in New Square. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $23,184 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,809

at 7.18% · 30 years

Loan amount
$650,402
Total interest
$935,776
Paid off in
November 2056

Includes $11,186 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $734 a month

  • Tight

    $734 to $943 a month

  • Hard

    more than $943 a month

    Your payment · 222%

Compared with the typical household income in New Square ($31,443 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,809
Principal & interest$4,406
Property tax$834
Home insurance$276
FHA mortgage insurance (MIP)$293

You need at least $23,184 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

New Square and Rockland County

New Square is in Rockland County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

New Square's own numbers

Typical home value
$662,400
Typical monthly rent
$1,799
Typical yearly household income
$31,443
Households that own their home
15%
Effective property tax rate
1.51%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Rockland County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,971
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Rockland County.

Everything about Rockland County

Buying

Buying a home in New Square

A typical home in New Square is worth $662,400: 11% above the county and 56% above New York. With the typical household income in New Square ($31,443 a year), a typical home costs 21.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • New Square 21.1 years
  • Rockland 5.4 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Rockland County

According to FHFA’s house price index, home prices in Rockland County rose 83% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Rockland County.

Period County New York U.S.
Last year (2025) +4.8% +6.0% +2.9%
5 years (2020–2025) +56% +52% +47%
10 years (2015–2025) +83% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

New Square next to Rockland County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • New Square $662,400
  • Rockland $596,900
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • New Square $1,799
  • Rockland $1,901
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • New Square $31,443
  • Rockland $109,959
  • New York $85,974
  • United States $80,734
See the full table
New Square next to Rockland County and New York
Measure New Square Rockland County New York U.S.
Typical home value $662,400 $596,900 $423,800 $332,700
Typical monthly rent $1,799 $1,901 $1,621 $1,413
Typical yearly household income $31,443 $109,959 $85,974 $80,734
Households that own their home 15% 68% 54% 65%
Typical yearly property tax $10,001 $10,001 $6,582 $3,119
Effective property tax rate 1.51% 1.68% 1.55% 0.94%
Renters with high rent for their income 79% 63% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Rockland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in New Square

For a typical $662,400 home in New Square, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, New Square's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,809a month

    Least cash to close
    Down payment
    $23,184
    Cash to close
    $43,056
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $293

  • Conventional, 5% down $5,687a month

    Down payment
    $33,120
    Cash to close
    $52,992
    Rate
    7.18%
    Mortgage insurance
    PMI · $315

  • Conventional, 20% down, no PMI $4,699a month

    Down payment
    $132,480
    Cash to close
    $152,352
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,312a month

    Down payment
    $99,360
    Cash to close
    $119,232
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for New Square and for Rockland County.

Property tax

Effective rate in New Square

1.51%of the home’s value each year

$10,001 a year for the typical owner in New Square.

  • New Square 1.51%
  • Rockland 1.68%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Rockland County

FEMA does not publish these numbers by city: they are for all of Rockland County.

Homes in the high-risk zone
1%
793
Of those, with NFIP insurance
50%
County New York U.S.
Homes in the high-risk zone 1% 2% 3.5%
Of those, with NFIP insurance 50% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in New Square

Typical rent in New Square is $1,799 a month: 5% below the county. In New Square, 79% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Rockland County, by unit size. To pay the 2-bedroom one ($2,971 a month) without spending more than 30% of your income, you would need to earn $57.13 an hour working full time.

HUD fair market rent for all of Rockland County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,593 $49.87 $103,720
1 bedroom $2,729 $52.48 $109,160
2 bedrooms $2,971 $57.13 $118,840
3 bedrooms $3,760 $72.31 $150,400
4 bedrooms $4,121 $79.25 $164,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in New Square

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). New Square is in ZIP code 10977.

For 2 bedrooms it is $2,660: $311 less than the fair market rent for Rockland County ($2,971).

  • 10977 $2,660$3,370

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for New Square when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in New Square

HUD lists 4 buildings with rents for lower incomes in New Square. These are the largest.

  • New Square Family Housing 701 Wilson Ave, New Square 10977 45 homes, 44 low-income · For families
  • Village of New Square 37 Buchanan Rd, New Square 10977 30 low-income homes · 2 bd: 6 · 3 bd: 24 · In service since 2006 · For people with disabilities, families
  • New Square Family Housing II 86 Buchanan Rd, New Square 10977 24 low-income homes · 2 bd: 8 · 3 bd: 6 · 4 bd: 10 · In service since 1995 · For people with disabilities, families
  • New Square Public Housing 61 Buchanan Rd, New Square 10977 22 low-income homes · 3 bd: 10 · 4 bd: 12 · In service since 1991 · For families

See all 51 buildings in Rockland County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in New Square

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Rockland County; none says it serves in Spanish.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in New Square

No down payment, repair or rent-help program on our list is for New Square or Rockland County. The ones below are statewide in New York: they work in New Square the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near New Square

The HUD-approved agencies closest to the center of New Square, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Rockland Housing Action Coalition

    475 Route 304, New City · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (845) 708-5799

  • Housing Action Council Inc.

    55 S Broadway, Tarrytown · 10 miles away

    • Pre-purchase counseling
    (914) 332-4144

  • Cambridge Credit Counseling Corporation - New York Branch

    245 Saw Mill River Road, Hawthorne · 12 miles away · Spanish

    Also serves in Polish.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (888) 656-4396

Every agency in Rockland County All counseling agencies in New York

Help in Spanish near New Square

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of New Square

HUD’s record names them for New Square or Rockland County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

5 other authorities have an office in Rockland County: see the list Source: HUD

Cities

Other cities in Rockland County

These cities are also in Rockland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Rockland County Housing in New York
See 10 more cities in Rockland County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to New Square, with the typical home value.

Neighboring counties

If Rockland County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in New Square.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about New Square

Short answers with the numbers for New Square and all of Rockland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in New Square?

The typical home value in New Square is $662,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Rockland County it is $596,900.

How much does it cost to rent in New Square?

Typical rent in New Square is $1,799 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Rockland County is $2,971.

What is the FHA loan limit in New Square?

New Square uses the FHA limit for all of Rockland County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in New Square?

The typical homeowner in New Square pays $10,001 a year, according to the U.S. Census Bureau. That is 1.51% of the home’s value; in Rockland County, the rate is 1.68%.

Where can I find free help to buy or rent in New Square?

There is 1 HUD-approved counseling agency with an office in Rockland County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).