Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Watermill area can be challenging. Home prices in Watermill are now at a median cost of $1,911,239, higher than the New York average of $481,023.
The average cost of rent is $2,565/mo in Watermill, primarily driven by the current value of real estate in the Watermill area. While nearly 66.39% of residents own their homes outright in Watermill, 13.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Watermill is $17,892 per month. Households that rent pay about 14.34% of their income on rent here. Watermill's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
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