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Water Mill CDP, NY

ZIP 11976 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11976

Median Home Value
$2,000,001
Median Rent
$3,154
Affordability Snapshot
$551,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,847/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

12.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

52.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 11976 in Water Mill CDP, NY, a household would need roughly $551,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $12,847. That is about 249% above the local median household income ($158,000), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 55% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.9%+39% vs US avg
x
Vacancy Rate
55.3%+437% vs US avg
x
Broadband Access
85.3%-2% vs US avg
x
4+ Bedrooms
39.1%+164% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
9.6%-81% vs US avg
x
Mortgage-Free
59.5%+56% vs US avg
x
$2,000,001
Home Value
$3,154
Rent
1994
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached98.1%
  • 1-unit attached0.3%
  • 2-9 units1.1%
  • 10+ units0.0%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$2,000,001
Median rent$3,154
Owner-occupied90.9%
Vacant55.3%
Price-to-income12.7x
Est. income to buy$551,000