The typical owner-occupied home in Salt Point is worth about $248,100, 41% below the New York median of $423,800 and 25% below the national median of $332,700. The median household earns $117,750 a year, so the median home costs 2.1 times the median income (4.9 times for New York). 55% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Salt Point at a glance
| Salt Point | New York | U.S. | |
|---|---|---|---|
| Median home value | $248,100 | $423,800 | $332,700 |
| Median property tax paid per year | – | $6,582 | $3,119 |
| Median household income | $117,750 | $85,974 | $80,734 |
| Homes lived in by their owners | 55% | 54% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,674 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 22.5% | 21.0% |
| Median rent | $1,691 | $1,621 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.2% | 30.6% |
| Median year homes were built | 1972 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 322 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Salt Point
At this week's average 30-year rate of 7.11%, buying the median Salt Point home of $248,100 with 20% down costs about $1,666 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,079, 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 $71,400 for the 20%-down payment. That payment is 17% of the median Salt Point household income of $117,750; at that income and 20% down, the 28% guideline points to a home of about $409,000.
The median rent here is $1,691 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $49,620 |
|---|---|
| Loan amount | $198,480 |
| Principal and interest | $1,335 |
| Property taxes (1.10% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,666 |
Change the numbers in the calculator
| Down payment | $8,684 |
|---|---|
| Loan amount | $243,606 |
| Principal and interest | $1,639 |
| Property taxes (1.10% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $110 |
| Total per month | $2,079 |
Change the numbers in the calculator
Questions about home buying in Salt Point
What is the median home value in Salt Point?
About $248,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Salt Point?
For the median home with 20% down at 7.11%, the payment is about $1,666 a month. Keeping that under 28% of gross income takes about $71,400 a year.
More about Salt Point
- Mortgage Refinance in Salt Point
- Debt Relief in Salt Point
- Home Equity Loans in Salt Point
- 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