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Real Estate Prices & Overview

Cove Neck / Oyster Bay Cove median real estate price is $1,816,459, which is more expensive than 94.3% of the neighborhoods in New York and 98.5% of the neighborhoods in the U.S.

The average rental price in Cove Neck / Oyster Bay Cove is currently $4,550, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 86.2% of the neighborhoods in New York.

Cove Neck / Oyster Bay Cove is a rural neighborhood (based on population density) located in Syosset, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Cove Neck / Oyster Bay Cove real estate is primarily made up of large (four, five or more bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Cove Neck / Oyster Bay Cove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.1% in Cove Neck / Oyster Bay Cove. NeighborhoodScout analysis shows that this rate is lower than 42.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Cove Neck / Oyster Bay Cove neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Cove Neck / Oyster Bay Cove is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, one way that the Cove Neck / Oyster Bay Cove neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 99.1% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Furthermore, the Cove Neck / Oyster Bay Cove neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.1% of all neighborhoods in America.

People

If you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 0.5% of America's neighborhoods are wealthier than the Cove Neck / Oyster Bay Cove neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

In addition, according to NeighborhoodScout's exclusive analysis, Cove Neck / Oyster Bay Cove is among the best neighborhoods for families in New York. In fact, this neighborhood is more family-friendly than 98.8% of neighborhoods in the entire state of New York. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Cove Neck / Oyster Bay Cove neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates, highly educated executives and active retirees.

Also, if knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Cove Neck / Oyster Bay Cove neighborhood, where 37.4% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.1% of the neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Cove Neck / Oyster Bay Cove neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Cove Neck / Oyster Bay Cove neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 16.0% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.8% of all neighborhoods in America.

Modes of Transportation

In the Cove Neck / Oyster Bay Cove neighborhood, 16.3% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 96.7% of the neighborhoods in America.

Diversity

Did you know that the Cove Neck / Oyster Bay Cove neighborhood has more Austrian and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.5% of this neighborhood's residents have Austrian ancestry and 1.3% have Belgian ancestry.

Cove Neck / Oyster Bay Cove is also pretty special linguistically. Significantly, 1.1% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.2% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Cove Neck / Oyster Bay Cove neighborhood in Syosset are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 99.5% of the neighborhoods in America. In addition, 5.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 62.2% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Cove Neck / Oyster Bay Cove neighborhood, 65.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.5%), and 6.9% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Cove Neck / Oyster Bay Cove neighborhood is English, spoken by 81.6% of households. Other important languages spoken here include Spanish and Langs. of India.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Cove Neck / Oyster Bay Cove neighborhood in Syosset, NY, residents most commonly identify their ethnicity or ancestry as Italian (22.5%). There are also a number of people of Irish ancestry (12.9%), and residents who report German roots (10.9%), and some of the residents are also of Asian ancestry (8.3%), along with some South American ancestry residents (5.7%), among others. In addition, 13.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Cove Neck / Oyster Bay Cove neighborhood spend between 45 minutes and one hour commuting one-way to work (27.8% of working residents), longer and tougher than most commutes in America.

Here most residents (58.4%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (16.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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