East Patchogue, New York Housing Market Prices
East Patchogue Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% below the New York median$449,991
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Median rent 26% above the New York median$2,045
Housing Market Overview
| Metric | East Patchogue | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,991 | $471,885 | $248,835 |
| Price Trend (Annual %) | 1.1% | 7.1% | 7.5% |
| Median Gross Rent | $2,045 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Patchogue is about 5% lower than in New York. Rent is about 26% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in East Patchogue, up about 1.1% and 5.2% a year respectively. Rent is changing faster.
Median rent in East Patchogue rose about 48.7% between 2015 and 2024, from $1,376 to $2,045. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in East Patchogue.
Buying the median-priced home in East Patchogue costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Patchogue. The price-to-rent ratio in New York is about 24.3.
| Metric | East Patchogue | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,991 | $471,885 | $248,835 |
| Median Household Income | $110,183 | $86,556 | $80,455 |
| Price-to-Income Ratio | 4.1 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Patchogue rose about 22.4%, while median household income rose about 50.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Patchogue | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 48.8% | 58.5% |
| Rental Rate | 25.2% | 41.1% | 31.2% |
| Vacancy Rate | 5.2% | 10.1% | 10.2% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
East Patchogue has a homeownership rate of 69.6%, higher than the New York average of 48.8%. Its housing vacancy rate is 5.2%, compared with 10.1% in New York.
Housing Stock
| Metric | East Patchogue | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1966 | 1960 | 1978 |
| Median Number of Rooms | 5.8 | 5.0 | 5.5 |
The typical housing unit in East Patchogue was built around 1966. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
East Patchogue, NY Housing Compared With Nearby Cities
How East Patchogue, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| East Patchogue, NY | 21,678 | $449,991 #2/2 | $2,045 #2/2 | 73.4% #2/2 |
| Medford, NY | 24,794 | $624,987 | $2,352 | 88.4% |
Frequently Asked Questions
Common questions about the housing market in East Patchogue, New York.
What is the median home price in East Patchogue, New York?
The median home price in East Patchogue, New York is $449,991, lower than the New York average of $471,885.
What is the average home price in East Patchogue, New York?
The typical home price in East Patchogue, New York, reported as the median sale price, is $449,991. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in East Patchogue, New York?
The median gross rent in East Patchogue, New York is $2,045 per month, higher than the New York average of $1,621.
What was the median gross rent in East Patchogue in 2020?
In 2020, the median gross rent in East Patchogue, New York was $1,542 per month.
What is the price-to-rent ratio in East Patchogue, New York?
The price-to-rent ratio in East Patchogue, New York is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in East Patchogue.
Are home prices or rent rising faster in East Patchogue, New York?
Both home prices and rent are rising in East Patchogue, up about 1.1% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in East Patchogue, New York?
69.6% of households in East Patchogue, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in East Patchogue, New York?
The housing vacancy rate in East Patchogue, New York is 5.2%, lower than the New York average of 10.1%.
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