The typical owner-occupied home in Peconic is worth about $980,900, 2.3 times the New York median of $423,800 and 2.9 times the national median of $332,700. Owners pay a median $9,710 a year in property taxes, about 0.99% of their home's value, lower than the New York rate of 1.55%. The median household earns $116,250 a year, so the median home costs 8.4 times the median income (4.9 times for New York). 84% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Peconic at a glance
| Peconic | New York | U.S. | |
|---|---|---|---|
| Median home value | $980,900 | $423,800 | $332,700 |
| Median property tax paid per year | $9,710 | $6,582 | $3,119 |
| Property tax as a share of value | 0.99% | 1.55% | 0.94% |
| Median household income | $116,250 | $85,974 | $80,734 |
| Homes lived in by their owners | 84% | 54% | 65% |
| Owner homes with a mortgage | 61% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,891 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 25.0% | 22.5% | 21.0% |
| Median rent | $3,501 | $1,621 | $1,413 |
| Rent as a share of renters' income | 43.0% | 31.2% | 30.6% |
| Median year homes were built | 1975 | 1959 | 1980 |
| Vacant homes | 40.5% | 10.0% | 10.1% |
| Population | 848 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Peconic
At this week's average 30-year rate of 7.11%, buying the median Peconic home of $980,900 with 20% down costs about $6,497 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,289, 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 $278,435 for the 20%-down payment. That payment is 67% of the median Peconic household income of $116,250; at that income and 20% down, the 28% guideline points to a home of about $410,000.
The median rent here is $3,501 a month, so owning the median home costs about $2,996 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $196,180 |
|---|---|
| Loan amount | $784,720 |
| Principal and interest | $5,279 |
| Property taxes (0.99% a year) | $809 |
| Homeowners insurance (our estimate, 0.5% a year) | $409 |
| PMI | $0 |
| Total per month | $6,497 |
Change the numbers in the calculator
| Down payment | $34,332 |
|---|---|
| Loan amount | $963,133 |
| Principal and interest | $6,479 |
| Property taxes (0.99% a year) | $809 |
| Homeowners insurance (our estimate, 0.5% a year) | $409 |
| FHA mortgage insurance | $592 |
| Total per month | $8,289 |
Change the numbers in the calculator
Questions about home buying in Peconic
What is the median home value in Peconic?
About $980,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Peconic?
Homeowners pay a median $9,710 a year, which is about 0.99% 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 Peconic?
For the median home with 20% down at 7.11%, the payment is about $6,497 a month. Keeping that under 28% of gross income takes about $278,435 a year.
More about Peconic
- Mortgage Refinance in Peconic
- Debt Relief in Peconic
- Home Equity Loans in Peconic
- 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