Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 29,244 people, 9,657 houses or apartments, and a median cost of homes of $629,446, real estate costs in Bay Shore are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Bay Shore, accounting for 57.13% of the town's housing units. Other types of housing that are prevalent in Bay Shore include large apartment complexes or high rise apartments ( 16.99%), duplexes, homes converted to apartments or other small apartment buildings ( 13.46%), and a few row houses and other attached homes ( 10.83%).
The most prevalent building size and type in Bay Shore are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.84% owning and 35.16% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bay Shore's housing was primarily built during this period, from the '40s through the '60s. A full 40.62% of the town's housing hails from this era. Other housing ages represented in Bay Shore include homes built between 1970-1999 ( 27.59%) and housing constructed before 1939 ( 17.89%). There's also some housing in Bay Shore built between 2000 and later ( 13.90%).
Appreciation rates for homes in Bay Shore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.56%, which ranks in the top 30% nationwide. This equates to an annual average Bay Shore house appreciation rate of 7.68%.
Appreciation rates are so strong in Bay Shore that despite a nationwide downturn in the housing market, Bay Shore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bay Shore appreciation rates continue to be some of the highest in America, at 9.53%, which is higher than appreciation rates in 84.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bay Shore. Bay Shore appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Bay Shore's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bay Shore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bay Shore - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bay Shore real estate investment or home purchase decisions.
$629,446
for New york
for nation
9,657
$3,747 / per month