Total monthly cost of ownership
Cost to Own a Home in Rocky Point, New York
A $417,000 home here costs
$3,721per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,144. The real number is $1,578 higher every month — 74% 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.
Rocky Point against Suffolk County and New York
| Measure | Rocky Point | Suffolk County |
|---|---|---|
| Median home value | $417,400 | $539,500 |
| Median property tax | $9,627 | $10,001 |
| Effective tax rate | 2.306% | 1.854% |
| Median gross rent | $1,970 | $2,190 |
| Population | 13,931 | 1,525,680 |
The weather behind that power bill
Rocky Point 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 Rocky Point?
A $417,000 home in Rocky Point, New York costs approximately $3,721 per month with 20% down at 6.66%. That is $2,144 principal and interest, $801 property tax, $92 homeowners insurance, $337 utilities and $348 set aside for maintenance.
What is the property tax rate in Rocky Point?
Rocky Point has an effective property tax rate of 2.306%, based on a median home value of $417,400 and median real estate taxes of $9,627. That is higher than the Suffolk County average of 1.854%.
What is the average home price in Rocky Point?
The median owner-occupied home value in Rocky Point, New York is $417,400, against $539,500 across Suffolk County.
Is it cheaper to rent or buy in Rocky Point?
Median gross rent in Rocky Point is $1,970 a month, against $3,721 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 Rocky Point — 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.