How much house can you afford in Suffolk County? With a median price of $650,000 and a typical effective property tax rate of 2.3%, here are the real numbers a typical buyer faces in Long Island — plus a calculator for your exact case.
| Median home price | $650,000 |
| Down payment (20%) | $130,000 |
| Loan amount | $520,000 |
| Principal & interest / mo | $3,287 |
| Property tax / mo (2.3%) | $1,246 |
| Insurance / mo | $150 |
| Total monthly payment | $4,683 |
| Annual income needed (28% rule) | $200,682 |
Suffolk is more affordable than Nassau with larger lots. Note the separate Peconic Bay tax (2%) in the East End towns like the Hamptons.
Different income, debts, down payment or rate — the calculator adjusts instantly and gives you a conservative-to-aggressive range for Suffolk County.
Calculate my Suffolk County mortgage →The typical effective rate in Long Island is about 2.3% of home value per year. On a median $650,000 home that is roughly $14,950 per year ($1,246 per month).
For the median $650,000 home with 20% down, the total payment is about $4,683/mo. Under the 28% rule you need a gross income of ~$200,682 per year. With a smaller down payment or existing debts, the figure rises.
No. Long Island is outside NYC, so the city's mortgage recording tax does not apply. The 1% state mansion tax only kicks in at $1 million or more.
Indicative figures based on public data and the stated assumptions; not financial advice. Confirm rates and taxes with your lender and attorney.
