The typical owner-occupied home in New Suffolk is worth about $1,060,000, 2.5 times the New York median of $423,800 and 3.2 times the national median of $332,700. Owners pay a median $8,039 a year in property taxes, about 0.76% of their home's value, lower than the New York rate of 1.55%. The median household earns $130,875 a year, so the median home costs 8.1 times the median income (4.9 times for New York). 95% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
New Suffolk at a glance
| New Suffolk | New York | U.S. | |
|---|---|---|---|
| Median home value | $1,060,000 | $423,800 | $332,700 |
| Median property tax paid per year | $8,039 | $6,582 | $3,119 |
| Property tax as a share of value | 0.76% | 1.55% | 0.94% |
| Median household income | $130,875 | $85,974 | $80,734 |
| Homes lived in by their owners | 95% | 54% | 65% |
| Owner homes with a mortgage | 49% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 22.5% | 21.0% |
| Median rent | – | $1,621 | $1,413 |
| Median year homes were built | 1948 | 1959 | 1980 |
| Vacant homes | 54.1% | 10.0% | 10.1% |
| Population | 298 | 19,852,366 | 334,922,499 |
What a typical home costs per month in New Suffolk
At this week's average 30-year rate of 7.11%, buying the median New Suffolk home of $1,060,000 with 20% down costs about $6,818 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,754, 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 $292,181 for the 20%-down payment. That payment is 63% of the median New Suffolk household income of $130,875; at that income and 20% down, the 28% guideline points to a home of about $475,000.
| Down payment | $212,000 |
|---|---|
| Loan amount | $848,000 |
| Principal and interest | $5,705 |
| Property taxes (0.76% a year) | $671 |
| Homeowners insurance (our estimate, 0.5% a year) | $442 |
| PMI | $0 |
| Total per month | $6,818 |
Change the numbers in the calculator
| Down payment | $37,100 |
|---|---|
| Loan amount | $1,040,801 |
| Principal and interest | $7,002 |
| Property taxes (0.76% a year) | $671 |
| Homeowners insurance (our estimate, 0.5% a year) | $442 |
| FHA mortgage insurance | $639 |
| Total per month | $8,754 |
Change the numbers in the calculator
Questions about home buying in New Suffolk
What is the median home value in New Suffolk?
About $1,060,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in New Suffolk?
Homeowners pay a median $8,039 a year, which is about 0.76% 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 New Suffolk?
For the median home with 20% down at 7.11%, the payment is about $6,818 a month. Keeping that under 28% of gross income takes about $292,181 a year.
More about New Suffolk
- Mortgage Refinance in New Suffolk
- Debt Relief in New Suffolk
- Home Equity Loans in New Suffolk
- 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