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Babylon

Learn about the people, housing, costs and businesses in Babylon, New York

Median Home$667,700
Median Rent$2,253/month
Population12,185
Leading IndustriesArts, Food & Hospitality · Education · Healthcare15% arts, food & hospitality
Home Value Growth⬆⬆+13.8% over 2 years
Young Adults25% of residents
Homeowners79% of occupied units
NotableTransit93/100 · excellent transit access
NotableAmenity Score82/100 · highly walkable area
Babylon
NY

Frequently Asked Questions

What are today's mortgage rates in Babylon?

As of today, the 30-year fixed mortgage rate for Babylon is approximately 6.814% (6.847% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Babylon?

The median home value in Babylon is $668k. The median monthly rent is $2,253. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Babylon?

Home values in Babylon have increased 13.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Babylon?

Based on a typical all-in ownership cost of $2,777/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $119k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Babylon is $138k/year.

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What industries drive the economy in Babylon?

The largest employment sectors in Babylon are public administration (29%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.