You mentioned taxes what do you consider low taxes?
A consultation with a Real Estate agents could be a valuable step.
Also, people often forget to include the cost of the train from Poughkeepsie. A monthly ticket costs approximately 480 dollars, but if you add in your metro card fees for the subway add in another 100 dollars. Let's round up to an approximate cost of $600/month. That's a lot.
Other metro north lines such as harlem and new haven lines are actually far cheaper. The reason for this is that the hudson line is still running diesel whereas the other two mentioned are running electric trains. It's a huge difference in cost. Comparing Poughkeepsie to a town I'm looking at (South Norwalk, CT) is only $330/month + $100/month =~ $450/month. Still a lot but a 25% savings for about the same distance. Also, CT provides superior discounts if you have recurring payments.
I'm no expert on housing, etc. but I am a commuter and I know the toll the train takes on you. Just something to keep in mind.
I was born and raised in Brooklyn and am now living in Dutchess County. It is considerably less expensive here than back in the city. However, there is easy access to the city (and CitiField) via the Metro North commuter train. The best bet is to first contact a mortgage professional to see how much you can borrow for a mortgage. Once you know that, I could let you know how realistic it would be for you to live here. If you have any specific questions, please feel free to contact me at your convenience. Thanks and good luck!
Gregory D. Schreiber
Licensed Real Estate Broker
Schreiber Realty Group, LLC
320 Hudson Avenue
Beacon, NY 12508