The typical owner-occupied home in Miller Place is worth about $614,400, 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 $146,492 a year, so the median home costs 4.2 times the median income (4.9 times for New York). 83% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Miller Place at a glance
| Miller Place | New York | U.S. | |
|---|---|---|---|
| Median home value | $614,400 | $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 | $146,492 | $85,974 | $80,734 |
| Homes lived in by their owners | 83% | 54% | 65% |
| Owner homes with a mortgage | 69% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 26.8% | 22.5% | 21.0% |
| Median rent | $1,172 | $1,621 | $1,413 |
| Rent as a share of renters' income | 33.6% | 31.2% | 30.6% |
| Median year homes were built | 1977 | 1959 | 1980 |
| Vacant homes | 7.9% | 10.0% | 10.1% |
| Population | 11,736 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Miller Place
At this week's average 30-year rate of 7.11%, buying the median Miller Place home of $614,400 with 20% down costs about $4,397 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,421, 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 $188,445 for the 20%-down payment. That payment is 36% of the median Miller Place household income of $146,492; at that income and 20% down, the 28% guideline points to a home of about $478,000.
The median rent here is $1,172 a month, so owning the median home costs about $3,225 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $122,880 |
|---|---|
| Loan amount | $491,520 |
| Principal and interest | $3,306 |
| Property taxes (1.63% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| PMI | $0 |
| Total per month | $4,397 |
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| Down payment | $21,504 |
|---|---|
| Loan amount | $603,272 |
| Principal and interest | $4,058 |
| Property taxes (1.63% a year) | $835 |
| Homeowners insurance (our estimate, 0.5% a year) | $256 |
| FHA mortgage insurance | $272 |
| Total per month | $5,421 |
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Questions about home buying in Miller Place
What is the median home value in Miller Place?
About $614,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Miller Place?
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 Miller Place?
For the median home with 20% down at 7.11%, the payment is about $4,397 a month. Keeping that under 28% of gross income takes about $188,445 a year.
More about Miller Place
- Mortgage Refinance in Miller Place
- Debt Relief in Miller Place
- Home Equity Loans in Miller Place
- 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