Bay Shore, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bay Shore, NY Real Estate Data


Bay Shore Housing Market Information

With a population of 26,433, 9,598 total housing units (homes and apartments), and a median house value of $373,631, 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 60.97% of the town's housing units. Other types of housing that are prevalent in Bay Shore include large apartment complexes or high rise apartments ( 21.26%), duplexes, homes converted to apartments or other small apartment buildings ( 8.88%), and a few row houses and other attached homes ( 6.41%).

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 56.28% owning and 43.72% 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 46.99% of the town's housing hails from this era. Other housing ages represented in Bay Shore include homes built between 1970-1999 ( 30.40%) and housing constructed before 1939 ( 17.23%). There's also some housing in Bay Shore built between 2000 and later ( 5.38%).

Bay Shore Home Appreciation Rates

Homes have actually lost value in Bay Shore over the last then years, as home values have seen a decline of 19.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bay Shore home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

Over the last year, Bay Shore appreciation rates have trailed the rest of the nation. In the last twelve months, Bay Shore's appreciation rate has been 4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bay Shore were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Bay Shore's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$373,631

Bay Shore, NY HOME PRICES

Value Range
> $1,076,000 1.9
$807,001 - $1,076,000 1.4
$538,001 - $807,000 11.3
$431,001 - $538,000 14.5
$323,001 - $431,000 30.6
$215,001 - $323,000 27.9
$108,001 - $215,000 6.7
$53,001 - $108,000 1.5
$0 - $53,000 4.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.0558060549277 25.8136924803591

Number Of Homes And Apartments:
9,598

Rent & Ownership

 

Average Market Rent:
$1,843 / per month

Homeownership Rate

Homeownership
Owners 56.28
Renters 43.72
Vacant 3.90

Housing Market Details

 

Age of Homes

AGE OF Bay Shore HOMES
2000 or Newer 5.4
1970 - 1999 30.4
1940 - 1969 47.0
1939 or Older 17.2

Types of Homes

TYPE OF Bay Shore HOMES
Single-Family 61.0
Townhomes 6.4
Small Apt. Buildings 8.9
Apt. Complexes 21.3
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Bay Shore HOMES
No Bedroom 3.18
1 Bedroom 18.23
2 Bedrooms 23.01
3 Bedrooms 34.21
4 Bedrooms 12.95
5 or more bedrooms 8.41

Bay Shore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
70.67% 3.19% 8 8
* 10 is highest