Springs median real estate price is $617,406, which is more expensive than 88.4% of the neighborhoods in New York and 95.0% of the neighborhoods in the U.S.
The average rental price in Springs is currently $1,556, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.2% of the neighborhoods in New York.
Springs is a suburban neighborhood (based on population density) located in East Hampton, New York. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Springs real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Springs neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Springs. The current real estate vacancy rate here is 46.5%. This is higher than the rate of vacancies in 98.3% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.