The typical owner-occupied home in Amagansett is worth about $1,671,900, 3.9 times the New York median of $423,800 and 5.0 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.60% of their home's value, lower than the New York rate of 1.55%. The median household earns $166,875 a year, so the median home costs 10.0 times the median income (4.9 times for New York). 80% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Amagansett at a glance
| Amagansett | New York | U.S. | |
|---|---|---|---|
| Median home value | $1,671,900 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 0.60% | 1.55% | 0.94% |
| Median household income | $166,875 | $85,974 | $80,734 |
| Homes lived in by their owners | 80% | 54% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 28.2% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1977 | 1959 | 1980 |
| Vacant homes | 81.0% | 10.0% | 10.1% |
| Population | 821 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Amagansett
At this week's average 30-year rate of 7.11%, buying the median Amagansett home of $1,671,900 with 20% down costs about $10,530 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,584, 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 $451,293 for the 20%-down payment. That payment is 76% of the median Amagansett household income of $166,875; at that income and 20% down, the 28% guideline points to a home of about $618,000.
| Down payment | $334,380 |
|---|---|
| Loan amount | $1,337,520 |
| Principal and interest | $8,998 |
| Property taxes (0.60% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $697 |
| PMI | $0 |
| Total per month | $10,530 |
Change the numbers in the calculator
| Down payment | $58,516 |
|---|---|
| Loan amount | $1,641,618 |
| Principal and interest | $11,043 |
| Property taxes (0.60% a year) | $836 |
| Homeowners insurance (our estimate, 0.5% a year) | $697 |
| FHA mortgage insurance | $1,008 |
| Total per month | $13,584 |
Change the numbers in the calculator
Questions about home buying in Amagansett
What is the median home value in Amagansett?
About $1,671,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Amagansett?
Homeowners pay a median $10,001 a year, which is about 0.60% 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 Amagansett?
For the median home with 20% down at 7.11%, the payment is about $10,530 a month. Keeping that under 28% of gross income takes about $451,293 a year.
More about Amagansett
- Mortgage Refinance in Amagansett
- Debt Relief in Amagansett
- Home Equity Loans in Amagansett
- 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