The typical owner-occupied home in Blue Point is worth about $614,900, 45% above the New York median of $423,800 and 85% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.63% of their home's value, close to the New York rate of 1.55%. The median household earns $154,625 a year, so the median home costs 4.0 times the median income (4.9 times for New York). 90% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Blue Point at a glance
| Blue Point | New York | U.S. | |
|---|---|---|---|
| Median home value | $614,900 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.63% | 1.55% | 0.94% |
| Median household income | $154,625 | $85,974 | $80,734 |
| Homes lived in by their owners | 90% | 54% | 65% |
| Owner homes with a mortgage | 70% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,433 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 22.5% | 21.0% |
| Median rent | $2,419 | $1,621 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.2% | 30.6% |
| Median year homes were built | 1967 | 1959 | 1980 |
| Vacant homes | 3.7% | 10.0% | 10.1% |
| Population | 4,735 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Blue Point
At this week's average 30-year rate of 7.11%, buying the median Blue Point home of $614,900 with 20% down costs about $4,401 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,425, 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 $188,598 for the 20%-down payment. That payment is 34% of the median Blue Point household income of $154,625; at that income and 20% down, the 28% guideline points to a home of about $504,000.
The median rent here is $2,419 a month, so owning the median home costs about $1,982 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $122,980 |
|---|---|
| Loan amount | $491,920 |
| Principal and interest | $3,309 |
| Property taxes (1.63% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| PMI | $0 |
| Total per month | $4,401 |
Change the numbers in the calculator
| Down payment | $21,522 |
|---|---|
| Loan amount | $603,763 |
| Principal and interest | $4,062 |
| Property taxes (1.63% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| FHA mortgage insurance | $272 |
| Total per month | $5,425 |
Change the numbers in the calculator
Questions about home buying in Blue Point
What is the median home value in Blue Point?
About $614,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blue Point?
Homeowners pay a median $10,001 a year, which is about 1.63% 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 Blue Point?
For the median home with 20% down at 7.11%, the payment is about $4,401 a month. Keeping that under 28% of gross income takes about $188,598 a year.
More about Blue Point
- Mortgage Refinance in Blue Point
- Debt Relief in Blue Point
- Home Equity Loans in Blue 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