The typical owner-occupied home in Westhampton is worth about $1,018,200, 2.4 times the New York median of $423,800 and 3.1 times the national median of $332,700. Owners pay a median $6,845 a year in property taxes, about 0.67% of their home's value, lower than the New York rate of 1.55%. The median household earns $119,886 a year, so the median home costs 8.5 times the median income (4.9 times for New York). 93% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Westhampton at a glance
| Westhampton | New York | U.S. | |
|---|---|---|---|
| Median home value | $1,018,200 | $423,800 | $332,700 |
| Median property tax paid per year | $6,845 | $6,582 | $3,119 |
| Property tax as a share of value | 0.67% | 1.55% | 0.94% |
| Median household income | $119,886 | $85,974 | $80,734 |
| Homes lived in by their owners | 93% | 54% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,573 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 28.0% | 22.5% | 21.0% |
| Median rent | $1,833 | $1,621 | $1,413 |
| Rent as a share of renters' income | 43.8% | 31.2% | 30.6% |
| Median year homes were built | 1985 | 1959 | 1980 |
| Vacant homes | 42.3% | 10.0% | 10.1% |
| Population | 3,900 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Westhampton
At this week's average 30-year rate of 7.11%, buying the median Westhampton home of $1,018,200 with 20% down costs about $6,472 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,332, 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 $277,386 for the 20%-down payment. That payment is 65% of the median Westhampton household income of $119,886; at that income and 20% down, the 28% guideline points to a home of about $440,000.
The median rent here is $1,833 a month, so owning the median home costs about $4,639 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $203,640 |
|---|---|
| Loan amount | $814,560 |
| Principal and interest | $5,480 |
| Property taxes (0.67% a year) | $568 |
| Homeowners insurance (our estimate, 0.5% a year) | $424 |
| PMI | $0 |
| Total per month | $6,472 |
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| Down payment | $35,637 |
|---|---|
| Loan amount | $999,758 |
| Principal and interest | $6,725 |
| Property taxes (0.67% a year) | $568 |
| Homeowners insurance (our estimate, 0.5% a year) | $424 |
| FHA mortgage insurance | $614 |
| Total per month | $8,332 |
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Questions about home buying in Westhampton
What is the median home value in Westhampton?
About $1,018,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westhampton?
Homeowners pay a median $6,845 a year, which is about 0.67% 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 Westhampton?
For the median home with 20% down at 7.11%, the payment is about $6,472 a month. Keeping that under 28% of gross income takes about $277,386 a year.
More about Westhampton
- Mortgage Refinance in Westhampton
- Debt Relief in Westhampton
- Home Equity Loans in Westhampton
- 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