Quick facts: Southold, NY

Quick Facts

113.7
Cost of Living
above US average
22,125
Population
3.62
Crime Rate per 1000
below US average
$92,839
Median Income
above US average
$1,400,000
Median House Price
above US average
$20986.25
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $92,839.

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Income Needed to Buy

βœ— Stretch
$439k/year
Based on $1,400,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $439k vs median $92,839
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Income Needed to Rent

⚠ Stretch
$899k/year
Based on $20986.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $899k vs median $92,839
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Southold, NY

Southold, located in Suffolk County on the North Fork of Long Island, New York, is a charming hamlet known for its rich history and picturesque landscapes. As one of the oldest towns in New York, established in 1640, Southold offers a blend of historical significance and natural beauty. The area features beautiful vineyards, tranquil beaches, and scenic views of the Long Island Sound, making it an ideal spot for those seeking relaxation and outdoor activities. Southold is renowned for its wine country, housing several vineyards that attract visitors year-round for tastings and tours. The hamlet is also home to pristine beaches such as Southold Town Beach and Founders Landing Park, which provide opportunities for swimming, fishing, and sunbathing. Community events and farmers' markets reflect the town's strong sense of community and support for local agriculture. Moreover, Southold's historic sites, such as the Southold Historical Society and the Old Burying Ground, offer a glimpse into the area's colonial past. Overall, Southold combines a peaceful rural lifestyle with access to nature and a vibrant local culture.

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