The typical owner-occupied home in East Hampton is worth about $345,800, 6% below the Connecticut median of $366,900 and 4% above the national median of $332,700. Owners pay a median $6,413 a year in property taxes, about 1.85% of their home's value, close to the Connecticut rate of 1.81%. The median household earns $123,929 a year, so the median home costs 2.8 times the median income (3.8 times for Connecticut). 82% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
East Hampton at a glance
| East Hampton | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $345,800 | $366,900 | $332,700 |
| Median property tax paid per year | $6,413 | $6,643 | $3,119 |
| Property tax as a share of value | 1.85% | 1.81% | 0.94% |
| Median household income | $123,929 | $95,781 | $80,734 |
| Homes lived in by their owners | 82% | 66% | 65% |
| Owner homes with a mortgage | 73% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,093 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 21.8% | 21.0% |
| Median rent | $1,347 | $1,488 | $1,413 |
| Rent as a share of renters' income | 37.5% | 31.4% | 30.6% |
| Median year homes were built | 1973 | 1967 | 1980 |
| Vacant homes | 4.5% | 7.0% | 10.1% |
| Population | 3,347 | 3,624,508 | 334,922,499 |
What a typical home costs per month in East Hampton
At this week's average 30-year rate of 7.11%, buying the median East Hampton home of $345,800 with 20% down costs about $2,538 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,114, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $108,778 for the 20%-down payment. That payment is 25% of the median East Hampton household income of $123,929; at that income and 20% down, the 28% guideline points to a home of about $394,000.
The median rent here is $1,347 a month, so owning the median home costs about $1,191 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,160 |
|---|---|
| Loan amount | $276,640 |
| Principal and interest | $1,861 |
| Property taxes (1.85% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,538 |
Change the numbers in the calculator
| Down payment | $12,103 |
|---|---|
| Loan amount | $339,537 |
| Principal and interest | $2,284 |
| Property taxes (1.85% a year) | $533 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $3,114 |
Change the numbers in the calculator
Questions about home buying in East Hampton
What is the median home value in East Hampton?
About $345,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in East Hampton?
Homeowners pay a median $6,413 a year, which is about 1.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in East Hampton?
For the median home with 20% down at 7.11%, the payment is about $2,538 a month. Keeping that under 28% of gross income takes about $108,778 a year.
More about East Hampton
- Mortgage Refinance in East Hampton
- Debt Relief in East Hampton
- Home Equity Loans in East Hampton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data