According to statistics, the population in Bay Shore, NY amounts to 30,392, which shows growth 2% compared to the previous year. The median age of the city’s residents is 35. The average household income is $80,123, shifting growth 20% from the past year, and the average property value in Bay Shore, NY growth 5% to $323,000 throughout the year.
|Number Of Employees||15,287|
|Median Property Value||$323,000|
The average household income in Bay Shore, NY grew from $66,956 to $80,123 in the past year. This data is an estimate based upon 9,070 households in Bay Shore, NY . The chart below presents how household income is distributed in Bay Shore, NY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bay Shore, NY shifted from $309,100 to $323,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bay Shore, NY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bay Shore, NY properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bay Shore, NY compared to median property taxes around the country. The prevalent amount of property taxes in Bay Shore, NY equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|1 bed for sale||$96,663||N/A|
|2 bed for sale||$347,799||+88%|
|3 bed for sale||$530,099||-17.2%|
|4+ bed for sale||$887,554||+61.4%|
During Jul 2022, the average price for an apartment in/near Bay Shore, NY increased by 83.9% to $609,602.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $96,663 with no changes this month. Asking price for 2-bed apartment also increased by 88% and a place of this size will now cost you $347,799. A 3-bed apartment goes for $530,099, it decreased by 17.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 61.4% and made it up to $887,554.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$621,238||+353.5%|
|Condos for sale||$542,333||+4.3%|
|Duplexes for sale||$438,000||-20.4%|
|Apartments for sale||$799,999||N/A|
|Townhouses for sale||$524,990||N/A|
While assessing the property pricing Bay Shore, NY, you can note that it remains flat with a price tag of $799,999. Price reports demonstrate that house price increased by 353.5% this month making it up to $621,238. Condos are really in demand in this season. The median price for a condo increased by 4.3%, it’s now available for $542,333. You can now purchase a duplex for just $438,000, duplex price decreased by 20.4% this month. Value of the townhouses didn’t change, the price still starts at $524,990.