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Affordable
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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 $1,816,828, higher than the New York average of $610,895.
The average cost of rent is $3,014/mo in Watermill, primarily driven by the current value of real estate in the Watermill area. In Watermill, 10.01% of households rent, and 53.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Watermill is $16,646 per month. Households that rent pay about 18.11% of their income on rent here. Watermill’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bridgehampton, NY: equally priced homes
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- North Haven, NY: equally priced homes
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Cities with Similar Populations
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- Limington, ME: less expensive homes
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