Bay Shore, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bay Shore Neighborhoods Since 2000




Bay Shore, NY Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bay Shore Housing Market Information

With 26,433 people, 9,431 houses or apartments, and a median cost of homes of $402,394, 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 61.94% of the town's housing units. Other types of housing that are prevalent in Bay Shore include large apartment complexes or high rise apartments ( 21.65%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few row houses and other attached homes ( 7.12%).

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 59.19% owning and 40.81% 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 47.01% of the town's housing hails from this era. Other housing ages represented in Bay Shore include homes built between 1970-1999 ( 29.21%) and housing constructed before 1939 ( 17.74%). There's also some housing in Bay Shore built between 2000 and later ( 6.04%).

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 21.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bay Shore home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

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 2.92%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Bay Shore's latest annual appreciation rate is higher than 50% 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:
$402,394

Bay Shore, NY HOME PRICES

Value Range
> $1,066,000 1.5
$799,001 - $1,066,000 1.6
$533,001 - $799,000 10.1
$426,001 - $533,000 14.1
$319,001 - $426,000 31.1
$213,001 - $319,000 28.0
$107,001 - $213,000 7.5
$53,001 - $107,000 1.5
$0 - $53,000 4.6

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
9.41052384858784 23.4567901234568

Number Of Homes And Apartments:
9,431

Bay Shore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
66.75% 3.01% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,856 / per month

Homeownership Rate

Homeownership
Owners 59.19
Renters 40.81
Vacant 4.41

Housing Market Details

 

Age of Homes

AGE OF Bay Shore HOMES
2000 or Newer 6.0
1970 - 1999 29.2
1940 - 1969 47.0
1939 or Older 17.7

Types of Homes

TYPE OF Bay Shore HOMES
Single-Family 61.9
Townhomes 7.1
Small Apt. Buildings 7.2
Apt. Complexes 21.7
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Bay Shore HOMES
No Bedroom 2.70
1 Bedroom 19.56
2 Bedrooms 18.99
3 Bedrooms 35.16
4 Bedrooms 14.79
5 or more bedrooms 8.80