The typical owner-occupied home in Long Lake is worth about $275,000, 35% below the New York median of $423,800 and 17% below the national median of $332,700. Owners pay a median $2,580 a year in property taxes, about 0.94% of their home's value, lower than the New York rate of 1.55%. The median household earns $71,827 a year, so the median home costs 3.8 times the median income (4.9 times for New York). 84% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Long Lake at a glance
| Long Lake | New York | U.S. | |
|---|---|---|---|
| Median home value | $275,000 | $423,800 | $332,700 |
| Median property tax paid per year | $2,580 | $6,582 | $3,119 |
| Property tax as a share of value | 0.94% | 1.55% | 0.94% |
| Median household income | $71,827 | $85,974 | $80,734 |
| Homes lived in by their owners | 84% | 54% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,285 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 22.5% | 21.0% |
| Median rent | $817 | $1,621 | $1,413 |
| Rent as a share of renters' income | 24.5% | 31.2% | 30.6% |
| Median year homes were built | 1968 | 1959 | 1980 |
| Vacant homes | 57.2% | 10.0% | 10.1% |
| Population | 716 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Long Lake
At this week's average 30-year rate of 7.11%, buying the median Long Lake home of $275,000 with 20% down costs about $1,810 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,268, 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 $77,569 for the 20%-down payment. That payment is 30% of the median Long Lake household income of $71,827; at that income and 20% down, the 28% guideline points to a home of about $255,000.
The median rent here is $817 a month, so owning the median home costs about $993 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $55,000 |
|---|---|
| Loan amount | $220,000 |
| Principal and interest | $1,480 |
| Property taxes (0.94% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| PMI | $0 |
| Total per month | $1,810 |
Change the numbers in the calculator
| Down payment | $9,625 |
|---|---|
| Loan amount | $270,019 |
| Principal and interest | $1,816 |
| Property taxes (0.94% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| FHA mortgage insurance | $122 |
| Total per month | $2,268 |
Change the numbers in the calculator
Questions about home buying in Long Lake
What is the median home value in Long Lake?
About $275,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Long Lake?
Homeowners pay a median $2,580 a year, which is about 0.94% 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 Long Lake?
For the median home with 20% down at 7.11%, the payment is about $1,810 a month. Keeping that under 28% of gross income takes about $77,569 a year.
More about Long Lake
- Mortgage Refinance in Long Lake
- Debt Relief in Long Lake
- Home Equity Loans in Long Lake
- 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