Total monthly cost of ownership
Cost to Own a Home in North Bay Shore, New York
A $450,000 home here costs
$3,854per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $165,000 a year.
A standard mortgage calculator would have told you $2,453. The real number is $1,401 higher every month, 57% more than the payment most buyers budget for.
Compare Suffolk County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Bay Shore against Suffolk County and New York
| Measure | North Bay Shore | Suffolk County |
|---|---|---|
| Median home value | $449,900 | $539,500 |
| Median property tax | $8,340 | $10,001 |
| Effective tax rate | 1.854% | 1.854% |
| Median gross rent | $1,664 | $2,190 |
| Population | 20,501 | 1,525,680 |
The weather behind that power bill
North Bay Shore 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 $164 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
Talk to someone who works this market
These are North Bay Shore averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works North Bay Shore every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Bay Shore I already own here and may sell
Common questions
How much does it cost to own a home in North Bay Shore?
A $450,000 home in North Bay Shore, New York costs approximately $3,854 per month with 20% down at 7.24%. That is $2,453 principal and interest, $695 property tax, $99 homeowners insurance, $232 utilities and $375 set aside for maintenance.
What is the property tax rate in North Bay Shore?
North Bay Shore has an effective property tax rate of 1.854%, based on a median home value of $449,900 and median real estate taxes of $8,340. That is in line with the Suffolk County average of 1.854%.
What is the average home price in North Bay Shore?
The median owner-occupied home value in North Bay Shore, New York is $449,900, against $539,500 across Suffolk County.
Is it cheaper to rent or buy in North Bay Shore?
Median gross rent in North Bay Shore is $1,664 a month, against $3,854 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in North Bay Shore?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Bay Shore, New York at today's rate takes a household income of roughly $165,000 a year. That covers the full $3,854 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Bay Shore, 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.