The typical owner-occupied home in Rye is worth about $1,819,900, 4.3 times the New York median of $423,800 and 5.5 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.55% of their home's value, lower than the New York rate of 1.55%. The median household earns $239,815 a year, so the median home costs 7.6 times the median income (4.9 times for New York). 70% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Rye at a glance
| Rye | New York | U.S. | |
|---|---|---|---|
| Median home value | $1,819,900 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 0.55% | 1.55% | 0.94% |
| Median household income | $239,815 | $85,974 | $80,734 |
| Homes lived in by their owners | 70% | 54% | 65% |
| Owner homes with a mortgage | 65% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 22.5% | 21.0% |
| Median rent | $3,501 | $1,621 | $1,413 |
| Rent as a share of renters' income | 30.5% | 31.2% | 30.6% |
| Median year homes were built | 1957 | 1959 | 1980 |
| Vacant homes | 6.4% | 10.0% | 10.1% |
| Population | 16,428 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Rye
At this week's average 30-year rate of 7.11%, buying the median Rye home of $1,819,900 with 20% down costs about $11,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $14,711, 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 $487,992 for the 20%-down payment. That payment is 57% of the median Rye household income of $239,815; at that income and 20% down, the 28% guideline points to a home of about $894,000.
The median rent here is $3,501 a month, so owning the median home costs about $7,885 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $363,980 |
|---|---|
| Loan amount | $1,455,920 |
| Principal and interest | $9,794 |
| Property taxes (0.55% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $758 |
| PMI | $0 |
| Total per month | $11,386 |
Change the numbers in the calculator
| Down payment | $63,696 |
|---|---|
| Loan amount | $1,786,937 |
| Principal and interest | $12,021 |
| Property taxes (0.55% a year) | $834 |
| Homeowners insurance (our estimate, 0.5% a year) | $758 |
| FHA mortgage insurance | $1,098 |
| Total per month | $14,711 |
Change the numbers in the calculator
Questions about home buying in Rye
What is the median home value in Rye?
About $1,819,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rye?
Homeowners pay a median $10,001 a year, which is about 0.55% 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 Rye?
For the median home with 20% down at 7.11%, the payment is about $11,386 a month. Keeping that under 28% of gross income takes about $487,992 a year.
More about Rye
- Mortgage Refinance in Rye
- Debt Relief in Rye
- Home Equity Loans in Rye
- 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