The typical owner-occupied home in Three Mile Bay is worth about $205,800, 51% below the New York median of $423,800 and 38% below the national median of $332,700. The median household earns $34,464 a year, so the median home costs 6.0 times the median income (4.9 times for New York). 100% of occupied homes here are lived in by their owners, and 100% of those owners still have a mortgage.
Three Mile Bay at a glance
| Three Mile Bay | New York | U.S. | |
|---|---|---|---|
| Median home value | $205,800 | $423,800 | $332,700 |
| Median property tax paid per year | – | $6,582 | $3,119 |
| Median household income | $34,464 | $85,974 | $80,734 |
| Homes lived in by their owners | 100% | 54% | 65% |
| Owner homes with a mortgage | 100% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,599 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 0.0% | 10.0% | 10.1% |
| Population | 44 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Three Mile Bay
At this week's average 30-year rate of 7.11%, buying the median Three Mile Bay home of $205,800 with 20% down costs about $1,382 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,725, 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 $59,226 for the 20%-down payment. That payment is 48% of the median Three Mile Bay household income of $34,464; at that income and 20% down, the 28% guideline points to a home of about $120,000.
| Down payment | $41,160 |
|---|---|
| Loan amount | $164,640 |
| Principal and interest | $1,108 |
| Property taxes (1.10% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,382 |
Change the numbers in the calculator
| Down payment | $7,203 |
|---|---|
| Loan amount | $202,072 |
| Principal and interest | $1,359 |
| Property taxes (1.10% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,725 |
Change the numbers in the calculator
Questions about home buying in Three Mile Bay
What is the median home value in Three Mile Bay?
About $205,800 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 Three Mile Bay?
For the median home with 20% down at 7.11%, the payment is about $1,382 a month. Keeping that under 28% of gross income takes about $59,226 a year.
More about Three Mile Bay
- Mortgage Refinance in Three Mile Bay
- Debt Relief in Three Mile Bay
- Home Equity Loans in Three Mile Bay
- 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