The median home in Water Mill, New York is valued at $4,535,297, up 6.2% year over year. Typical monthly rent is $93,333, producing a price-to-rent ratio of 4x — below the national average of 18x. Water Mill is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$4,535,297
+6.2%
Rent$93,333/mo
AFFORDABILITYBuying $63,749/mo cheaper ($93,333 rent)6.50% 30yr, 20% down, county tax + NY ins. 28% per HUD.
Enter your income for Water Mill.
$907,059 on $4,535,297
Out of reach — 473.3% of income
Need $1,267,886/yr to afford.
PITI$29,584
P/I473.3%
Afford$268K
Gap-$4267K
P&I $22,933Tax $6,501Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
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Full New York-Newark-Jersey City, NY-NJ-PA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the New York-Newark-Jersey City, NY-NJ-PA metro.
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