Quick facts: Speonk, NY

Quick Facts

113.7
Cost of Living
above US average
2,144
Population
34.98
Crime Rate per 1000
above US average
$93,530
Median Income
above US average
$719,000
Median House Price
above US average
$3300.0
Average Rent
above US average
8%
Poverty Rate
below US average
3.7%
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 $93,530.

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Income Needed to Buy

βœ— Stretch
$226k/year
Based on $719,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $226k vs median $93,530
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Income Needed to Rent

⚠ Stretch
$141k/year
Based on $3300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $141k vs median $93,530
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Speonk, NY

Speonk is a charming hamlet located within Southampton, in Suffolk County, New York. Nestled on the South Shore of Long Island, Speonk is characterized by its small-town atmosphere, making it an appealing destination for those seeking a quieter lifestyle while still enjoying the conveniences of nearby larger towns. The community boasts a mix of residential spaces, including charming single-family homes and scenic properties, many of which offer easy access to the area's beautiful beaches. Speonk is known for its proximity to the picturesque Shinnecock Bay, making it a favorite spot for water sports and fishing enthusiasts. Speonk is well-connected through public transportation, including the Long Island Rail Road, enabling easy commuting to and from New York City. The area features local shops, dining options, and recreational parks, contributing to its community-oriented charm. Residents and visitors can explore the nearby attractions of Southampton, including stunning beaches, golf courses, and the vibrant cultural scene. Overall, Speonk is a delightful blend of natural beauty and suburban convenience, perfect for those looking to escape the hustle and bustle of city life.

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