The typical owner-occupied home in Shrub Oak is worth about $515,200, 22% above the New York median of $423,800 and 55% above the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.94% of their home's value, higher than the New York rate of 1.55%. The median household earns $172,778 a year, so the median home costs 3.0 times the median income (4.9 times for New York). 67% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Shrub Oak at a glance
| Shrub Oak | New York | U.S. | |
|---|---|---|---|
| Median home value | $515,200 | $423,800 | $332,700 |
| Median property tax paid per year | $10,001 | $6,582 | $3,119 |
| Property tax as a share of value | 1.94% | 1.55% | 0.94% |
| Median household income | $172,778 | $85,974 | $80,734 |
| Homes lived in by their owners | 67% | 54% | 65% |
| Owner homes with a mortgage | 74% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $3,793 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 22.5% | 21.0% |
| Median rent | $1,194 | $1,621 | $1,413 |
| Rent as a share of renters' income | 9.0% | 31.2% | 30.6% |
| Median year homes were built | 1965 | 1959 | 1980 |
| Vacant homes | 7.9% | 10.0% | 10.1% |
| Population | 2,498 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Shrub Oak
At this week's average 30-year rate of 7.11%, buying the median Shrub Oak home of $515,200 with 20% down costs about $3,820 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,678, 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 $163,723 for the 20%-down payment. That payment is 27% of the median Shrub Oak household income of $172,778; at that income and 20% down, the 28% guideline points to a home of about $544,000.
The median rent here is $1,194 a month, so owning the median home costs about $2,626 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,040 |
|---|---|
| Loan amount | $412,160 |
| Principal and interest | $2,773 |
| Property taxes (1.94% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| PMI | $0 |
| Total per month | $3,820 |
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| Down payment | $18,032 |
|---|---|
| Loan amount | $505,868 |
| Principal and interest | $3,403 |
| Property taxes (1.94% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| FHA mortgage insurance | $228 |
| Total per month | $4,678 |
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Questions about home buying in Shrub Oak
What is the median home value in Shrub Oak?
About $515,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shrub Oak?
Homeowners pay a median $10,001 a year, which is about 1.94% 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 Shrub Oak?
For the median home with 20% down at 7.11%, the payment is about $3,820 a month. Keeping that under 28% of gross income takes about $163,723 a year.
More about Shrub Oak
- Mortgage Refinance in Shrub Oak
- Debt Relief in Shrub Oak
- Home Equity Loans in Shrub Oak
- 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