The typical owner-occupied home in Centereach is worth about $514,800, 21% above the New York median of $423,800 and 55% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.94% of their home's value, higher than the New York rate of 1.55%. The median household earns $132,240 a year, so the median home costs 3.9 times the median income (4.9 times for New York). 87% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Centereach at a glance
| Centereach | New York | U.S. | |
|---|---|---|---|
| Median home value | $514,800 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.94% | 1.55% | 0.94% |
| Median household income | $132,240 | $85,974 | $80,734 |
| Homes lived in by their owners | 87% | 54% | 65% |
| Owner homes with a mortgage | 67% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,175 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 22.5% | 21.0% |
| Median rent | $2,420 | $1,621 | $1,413 |
| Rent as a share of renters' income | 49.9% | 31.2% | 30.6% |
| Median year homes were built | 1970 | 1959 | 1980 |
| Vacant homes | 7.7% | 10.0% | 10.1% |
| Population | 31,839 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Centereach
At this week's average 30-year rate of 7.11%, buying the median Centereach home of $514,800 with 20% down costs about $3,817 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,675, 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 $163,596 for the 20%-down payment. That payment is 35% of the median Centereach household income of $132,240; at that income and 20% down, the 28% guideline points to a home of about $416,000.
The median rent here is $2,420 a month, so owning the median home costs about $1,397 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $102,960 |
|---|---|
| Loan amount | $411,840 |
| Principal and interest | $2,770 |
| Property taxes (1.94% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| PMI | $0 |
| Total per month | $3,817 |
Change the numbers in the calculator
| Down payment | $18,018 |
|---|---|
| Loan amount | $505,476 |
| Principal and interest | $3,400 |
| Property taxes (1.94% a year) | $832 |
| Homeowners insurance (our estimate, 0.5% a year) | $214 |
| FHA mortgage insurance | $228 |
| Total per month | $4,675 |
Change the numbers in the calculator
Questions about home buying in Centereach
What is the median home value in Centereach?
About $514,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Centereach?
Homeowners pay a median $10,001 a year, which is about 1.94% 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 Centereach?
For the median home with 20% down at 7.11%, the payment is about $3,817 a month. Keeping that under 28% of gross income takes about $163,596 a year.
More about Centereach
- Mortgage Refinance in Centereach
- Debt Relief in Centereach
- Home Equity Loans in Centereach
- 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