Market Overview
Home Prices in Montauk, NY
The median home value in Montauk, NY is $2,050,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montauk are priced400% above average. Montauk is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Montauk home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Montauk Home Price Trend
City Comparison
Montauk vs. National Median
At $2,050,068, homes in Montauk cost 400% above the national median of $410,000. Buyers in Montauk should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Montauk?
20% Down Payment
$410,014
on $2,050,068
Monthly P&I
$10,692/mo
30-yr @ 6.8%
Total Monthly Est.
~$13,579/mo
incl. taxes & insurance
Income Needed
$543,160
gross annual (30% rule)
10% Down Option
$205,007
+ PMI applies
Loan Amount (20% dn)
$1,640,054
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Montauk, NY?
The median home value in Montauk is $2,050,068 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Montauk?
Over the past year, home values in Montauk have increased by 3.3%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Montauk?
To comfortably afford the median home price of $2,050,068 with a 20% down payment ($410,014) at today's rates (6.8%), you'd need a gross annual income of approximately $543,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Montauk compare to the national average home price?
The national median home value is approximately $410,000. At $2,050,068, homes in Montauk are 400% above the national average.
What metro area is Montauk part of?
Montauk is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.