There are currently 2,022 real estate properties in Shelter Island, NY, with a median automated valuation model (AVM) price of $1,557,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shelter Island, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Shelter Island, NY, is $2,063,699.00, with the most expensive house in Shelter Island, NY, topping out at $32,601,100.00 and the cheapest home in Shelter Island, NY, clocking in at $352,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Shelter Island, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shelter Island, NY, is on a rollercoaster ride. The average rent price in Shelter Island, NY, is $2,982.00. Indeed, when looking to rent in Shelter Island, NY, you can expect to pay as little as $1,960.00 or as much as $6,140.00, with the average rent median estimated to be $2,900.00. The good news is that finding an affordable and desirable property to rent in Shelter Island, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Shelter Island, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Shelter Island, NY and much more. Save thousands at closing with home foreclosure listings in Shelter Island, NY — up to 75% off market value!
Shelter Island is located in Suffolk, New York, with an estimated municipal population of 2,793 residents. All of the best foreclosed homes for sale in Shelter Island are located in the following zip code areas on Foreclosure.com: 11964 11965. The estimated population per square kilometer (.62 miles) in Shelter Island is 88.
So, about how much do homes cost in Shelter Island? The most recent median value of resident-owned homes in Shelter Island is 785,110. An estimated 78.9 percent of households in Shelter Island own their homes, with an average family size of 2.83. The median household income in Shelter Island is 84,643, with47.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shelter Island, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Shelter Island? If so, the average rent price paid by renters in Shelter Island is 1,618, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Shelter Island, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Shelter Island is 43, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in Shelter Island is 61.9, with an average family size of 2.83.
The percentage of residents who report their race in Shelter Island is as follows:
| White | 91% |
| Black / African American | 0% |
| Asian | 3.3% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 5.7% |
Looking for family-friendly neighborhoods in and/or near Shelter Island? Or maybe you are searching for 55+ active adult communities in and/or near Shelter Island?
The percentage of residents who report their age in Shelter Island is as follows:
| Under 10 | 14% |
| Aged 10-19 | 12.6% |
| 20s | 5.7% |
| 30s | 13% |
| 40s | 11.7% |
| 50s | 7.2% |
| 60s | 17.2% |
| 70s | 7.7% |
| 80+ | 11.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Shelter Island with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Shelter Island.
How do you know that living in -- or moving to -- Shelter Island is right where you need to be? Perhaps you grew up in Shelter Island or already live nearby; therefore, the decision to buy a home in Shelter Island is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shelter Island for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Shelter Island:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Shelter Island.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Shelter Island can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Shelter Island, meanwhile, can field multiple offers from more qualified buyers.
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