Real Estate in Huntington, NY vs. Huntington Beach, CA

The East Coast/West Coast rivalry may never die.

We all know the classics: New York City against Los Angeles, Biggie against Tupac, year-round sunshine against the four seasons. Valid points can be made for each of these sides.

But there’s one rivalry often overlooked: Huntington, NY real estate against Huntington Beach, CA real estate. It could be the biggest East Coast/West Coast conundrum to date.

Which is better?

Let’s discuss using real estate data from Realtor.com.

The average price of homes per sale:

• Huntington, NY— $774,511
• Huntington Beach, CA— $1,004,720

When it comes to the most expensive neighboring communities, the average price of homes per sale are $1,922,400 for Edward Hill, CA and $1,872,099 for Cold Spring Harbor, NY.

Housing Markets

Huntington, NY:

• Median listing price— $724,000
• Price per square foot— $178
• Median closing price— $520,000

Huntington Beach, CA:

• Median listing price— $838,000
• Price per square foot— $466
• Median closing price— $729,000

What a $500,000-range single-family home gets you:

In Huntington, NY:

• $499,999
• Colonial home built in 1976
• 3 beds, 2 baths
• Lot size: 6,970

Payment: a 20 percent down payment ($100,000) on a 30-year fixed mortgage loan at $4.130 percent would cost homeowners $3,151 per month, which includes:

• Principal and interest— $1,940
• Property tax— $1,037
• Home insurance— $174
• Homeowner association fees— $0
• Mortgage insurance— $0

In Huntington Beach, CA:

• $549,900
• Bungalow-style home built in 1963
• 2 beds, 1 bath
• Lot size: 6,000 square feet

Payment: a 20 percent down payment (109,980) on a 30-year fixed mortgage loan at $4.080 percent would cost homeowners $2,831 per month, which includes:

• Principal and interest— $2,121
• Property tax— $573
• Home insurance— $137
• Homeowner association fees— $0
• Mortgage insurance— $0

What a $1,700,000-range single-family home gets you:

In Huntington, NY:

• $1,799,000
• Colonial home built in 1897. Steps from the beach
• 6 beds, 4 full and 2 half baths
• Lot size: 1.69 acres

Payment: a 20 percent down payment ($359,000) on a 30-year fixed mortgage loan at $4.130 percent would cost homeowners $11,337 per month, which includes:

• Principal and interest— $6,979
• Property tax— $3,733
• Home insurance— $625
• Homeowner association fees— $0
• Mortgage insurance— $0

In Huntington Beach, CA:

• $1,795,000
• Mediterranean home built in 2012. Walking distance to the beach and a short bike ride to Main Street.
• 5 beds, 5 full and 1 half baths
• Lot size: 1 acre

Payment: a 20 percent down payment ($359,000) on a 30-year fixed mortgage loan at $4.090 percent would cost homeowners $9,249 per month, which includes:

• Principal and interest— $6,930
• Property tax— $1,870
• Home insurance— $449
• Homeowner association fees— $0
• Mortgage insurance— $0

Both places are pricey, but Huntington Beach, CA takes the nod in the “more expensive” category.

Huntington, NY property taxes, however, are considerably higher, making home payments more expensive.

Following this analysis, it seems the East Coast/West Coast rivalry has not been settled.

To be continued...

Images via Realtor.com

[RECIRC