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Water Mill, NY
Full City Profile · New York · Suffolk County County
2.9
/5.0
C+
Fair
2,218
Population
210/sq mi density
$158,250
Median Income
$134,354 per capita
$2,000,001
Home Value
$4,600,764 Zillow
$3,150
Median Rent
41.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
22
Violent Crime/100K
356 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$158,250 median income, 4.4% unemployment
F
Affordability
1.0 / 5.0
$2,000,001 home value, $3,150/mo rent
F
Safety
1.0 / 5.0
22 violent crimes/100K
A+
Education
5.0 / 5.0
77.6% bachelor's degree or higher
Housing Overview
Median Home Value
$2,000,001
609% above
US avg: $281,900
Median Rent
$3,150/mo
171% above
US avg: $1,163/mo
Homeownership Rate
91.2%
39% above US avg (65.4%)
Total Housing Units
2,330
Median year built: 1992
Home Value by Source
Census Median
$2,000,001
Zillow (ZHVI)
$4,600,764
Median Sale Price
$6,337,500
Median List Price
$5,990,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.2%
Owner-Occupied
8.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$3,150/mo
· Zillow rent:
$117,500/mo
Market Indicators (Redfin)
Median Days on Market
381 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
5.0%
of listings with price reduction
Price Per Sq Ft
$845
Active Inventory
20
homes for sale
Affordability & Housing Stock
Rent Burden
41.4%
of renters spending 30%+ of income on housing
34% above US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
91.2%
Complete Housing Data
Home Values
| Census Median Value | $2,000,001 |
| Zillow Home Value (ZHVI) | $4,600,764 |
| Median Sale Price | $6,337,500 |
| Median List Price | $5,990,000 |
| Price Per Sq Ft | $845 |
Rent
| Census Median Rent | $3,150 |
| Zillow Rent (ZORI) | $117,500 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
| Days on Market | 381 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 5.0% |
| Homes Sold | 1 |
| Active Inventory | 20 |
| Price Per Sq Ft | $845 |
Ownership & Stock
| Owner-Occupied | 91.2% |
| Renter-Occupied | 8.8% |
| Homeownership Rate | 91.2% |
| Total Housing Units | 2,330 |
| Median Year Built | 1992 |
| Rent Burden | 41.4% |