The typical owner-occupied home in Thousand Island Park is worth about $376,600, 11% below the New York median of $423,800 and 13% above the national median of $332,700. Owners pay a median $7,159 a year in property taxes, about 1.90% of their home's value, higher than the New York rate of 1.55%. The median household earns $190,250 a year, so the median home costs 2.0 times the median income (4.9 times for New York). 93% of occupied homes here are lived in by their owners, and 14% of those owners still have a mortgage.
Thousand Island Park at a glance
| Thousand Island Park | New York | U.S. | |
|---|---|---|---|
| Median home value | $376,600 | $423,800 | $332,700 |
| Median property tax paid per year | $7,159 | $6,582 | $3,119 |
| Property tax as a share of value | 1.90% | 1.55% | 0.94% |
| Median household income | $190,250 | $85,974 | $80,734 |
| Homes lived in by their owners | 93% | 54% | 65% |
| Owner homes with a mortgage | 14% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,555 | $1,963 |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 84.2% | 10.0% | 10.1% |
| Population | 222 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Thousand Island Park
At this week's average 30-year rate of 7.11%, buying the median Thousand Island Park home of $376,600 with 20% down costs about $2,780 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,407, 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 $119,140 for the 20%-down payment. That payment is 18% of the median Thousand Island Park household income of $190,250; at that income and 20% down, the 28% guideline points to a home of about $601,000.
| Down payment | $75,320 |
|---|---|
| Loan amount | $301,280 |
| Principal and interest | $2,027 |
| Property taxes (1.90% a year) | $596 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,780 |
Change the numbers in the calculator
| Down payment | $13,181 |
|---|---|
| Loan amount | $369,779 |
| Principal and interest | $2,488 |
| Property taxes (1.90% a year) | $596 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $3,407 |
Change the numbers in the calculator
Questions about home buying in Thousand Island Park
What is the median home value in Thousand Island Park?
About $376,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Thousand Island Park?
Homeowners pay a median $7,159 a year, which is about 1.90% 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 Thousand Island Park?
For the median home with 20% down at 7.11%, the payment is about $2,780 a month. Keeping that under 28% of gross income takes about $119,140 a year.
More about Thousand Island Park
- Mortgage Refinance in Thousand Island Park
- Debt Relief in Thousand Island Park
- Home Equity Loans in Thousand Island Park
- 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