Total monthly cost of ownership
Cost to Own a Home in East Hampton, New York
A $2,000,000 home here costs
$13,559per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $10,282. The real number is $3,277 higher every month — 32% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
East Hampton against Suffolk County and New York
| Measure | East Hampton | Suffolk County |
|---|---|---|
| Median home value | $2,000,001 | $539,500 |
| Median property tax | $10,001 | $10,001 |
| Effective tax rate | 0.500% | 1.854% |
| Median gross rent | $2,500 | $2,190 |
| Population | 1,277 | 1,525,680 |
The weather behind that power bill
East Hampton sits in Suffolk County, which averages a high of 83.9°F in its hottest month and a low of 26.0°F in its coldest, with 47.22" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 945 cooling and 4,906 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Suffolk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Suffolk County
Full Suffolk County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in East Hampton?
A $2,000,000 home in East Hampton, New York costs approximately $13,559 per month with 20% down at 6.66%. That is $10,282 principal and interest, $833 property tax, $440 homeowners insurance, $337 utilities and $1,667 set aside for maintenance.
What is the property tax rate in East Hampton?
East Hampton has an effective property tax rate of 0.500%, based on a median home value of $2,000,001 and median real estate taxes of $10,001. That is lower than the Suffolk County average of 1.854%.
What is the average home price in East Hampton?
The median owner-occupied home value in East Hampton, New York is $2,000,001, against $539,500 across Suffolk County.
Is it cheaper to rent or buy in East Hampton?
Median gross rent in East Hampton is $2,500 a month, against $13,559 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for East Hampton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.