Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.19-11976, Water Mill, NY

Rank no.19- 11976, Water Mill, NY

Estimated zip code population in 2011: 1,804
Zip code population in 2010: 1,565
Zip code population in 2000: 1,822

Water Mill is a census-designated place (CDP) in Suffolk County, New York, United States, and a hamlet of the Town of Southampton. The population of the CDP was 1,559 at the 2010 census.^[3] Its ZIP code is 11976.

As of 2010, Water Mill was listed as the fourteenth most expensive ZIP code in the United States by Forbes. The median home price was $2,965,097.

Houses and condos: 2,115
Renter-occupied apartments: 52
% of renters here: 7%
State: 46%

Mar. 2012 cost of living index in zip code 11976: 131.1 (high, U.S. average is 100)

Land area: 12.3 sq. mi.
Water area: 2.3 sq. mi.
Population density: 147 people per square mile

(very low).

Real estate property taxes paid for housing units in 2011:
This zip code: 0.7% ($6,803)
New York: 1.5% ($4,273)

Median real estate property taxes paid for housing units with mortgages in 2011: $6,205 (0.6%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $7,614 (0.8%)

Zip code 11976 compared to state average:

Median household income significantly above state average.
Median house value significantly above state average.
Black race population percentage significantly below state average.
Hispanic race population percentage below state average.
Median age significantly above state average.
Renting percentage significantly below state average.
Number of rooms per house above state average.
House age below state average.
Percentage of population with a bachelor’s degree or higher above state average.

Urban population: 199
Rural population: 1,604

Estimated median house/condo value in 2011: $1,000,001
11976: $1,000,001
New York: $285,300

Median resident age:
This zip code: 49.6 years
New York median age: 38.1 years

Average household size:
This zip code: 2.3 people
New York: 2.6 people

Estimated median household income in 2011:
This zip code: $139,500
New York: $55,246
Housing units in zip code 11976 with a mortgage: 409 (16 second mortgage, 77 home equity loan)
Houses without a mortgage: 337

Median monthly owner costs for units with a mortgage: $4,001
Median monthly owner costs for units without a mortgage: $1,001

Residents with income below the poverty level in 2011:
This zip code: 4.4%
Whole state: 16.0%

Residents with income below 50% of the poverty level in 2011:
This zip code: 3.4%
Whole state: 8.8%

Median number of rooms in houses and condos:
Here: 7.5
State: 6.4

Median number of rooms in apartments:
Here: 4.1
State: 3.9

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 11976:

$70,000 to $79,999: 14
$100,000 to $124,999: 29
$125,000 to $149,999: 15
$300,000 to $399,999: 11
$400,000 to $499,999: 10
$750,000 to $999,999: 141
$1,000,000 or more: 526

Rent paid by renters in 2011 in zip code 11976:

$450 to $499: 6
$1,250 to $1,499: 9
$2,000 or more: 20
No cash rent: 17

Median gross rent in 2011: $2,001.

Estimated median house (or condo) value in 2011 for:

White Non-Hispanic householders: $969,516
Hispanic or Latino householders: $1,621,537

Estimated median house or condo value in 2011: $1,000,001

11976:	$1,000,001
New York:	$285,300

Lower value quartile – upper value quartile: $940,600 – $1,000,001

Mean price in 2011:

Detached houses: $1,066,488

Here: $1,066,488

State: $326,901

Housing units lacking complete plumbing facilities: 0.5%

Housing units lacking complete kitchen facilities: 1.2%

Notable locations in this zip code not listed on our city pages:
Notable locations in zip code 11976: Water Mill Beach Club
Rosemary Lodge

Cemeteries: Water Mill Cemetery
Flying Point Cemetery
Mecox Cemetery
Hay Ground Cemetery

Lakes: Kellis Pond
Long Pond
Mill Pond
Seven Ponds
Shorts Pond
Camps Pond
Goldfish Pond
Haines Pond

Creek: Calf Creek

Races in zip code 11976:

White population: 1,388
Black population: 15
American Indian population: 0
Asian population: 24
Native Hawaiian and Other Pacific Islander population: 0
Some other race population: 2
Two or more races population: 13
Hispanic or Latino population: 123

11976, Water Mill, NY

Water Mill Mansion-Estate
List Price: $58.5 Million
Listed With: Sotheby’s International Realty
Median Home Price for Zip Code: $3,300,000

This 20,000-square foot waterfront Hamptons manse touts eight bedrooms including staff quarters, a restaurant-grade kitchen and a staircase in cast bronze with silver and gold leafing.
Source: Sotheby’s International Realty