There are currently 8,010 real estate properties in Southampton, NY, with a median automated valuation model (AVM) price of $1,824,736.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Southampton, 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 Southampton, NY, is $2,690,577.00, with the most expensive house in Southampton, NY, topping out at $56,328,948.00 and the cheapest home in Southampton, NY, clocking in at $29,962.00. In other words, there’s something for every potential homebuyer or savvy investor in Southampton, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Southampton, NY, is on a rollercoaster ride. The average rent price in Southampton, NY, is $3,431.00. Indeed, when looking to rent in Southampton, NY, you can expect to pay as little as $1,750.00 or as much as $7,600.00, with the average rent median estimated to be $3,310.00. The good news is that finding an affordable and desirable property to rent in Southampton, 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.
Southampton is located in Suffolk, New York, with an estimated municipal population of 58,094 residents. All of the best foreclosed homes for sale in Southampton are located in the following zip code areas on Foreclosure.com: 11932 11960 11962 11963 11968 11978 11901 11972 11942 11977 11976 11959 11946 11941 11969. The estimated population per square kilometer (.62 miles) in Southampton is 160.
So, about how much do homes cost in Southampton? The most recent median value of resident-owned homes in Southampton is 677,045. An estimated 78.6 percent of households in Southampton own their homes, with an average family size of 3.09. The median household income in Southampton is 95,281, with48.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Southampton, the median commute time of resident workers (in minutes) is 28.7. And last, but certainly not least, are you looking for homes to rent in Southampton? If so, the average rent price paid by renters in Southampton is 1,819, 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 Southampton, 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 Southampton is 46, split between 50.3 percent male versus 49.7 female. The percentage of residents who report being married in Southampton is 50.9, with an average family size of 3.09.
The percentage of residents who report their race in Southampton is as follows:
| White | 85.3% |
| Black / African American | 5.7% |
| Asian | 2% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.6% |
| Other | 4.1% |
Looking for family-friendly neighborhoods in and/or near Southampton? Or maybe you are searching for 55+ active adult communities in and/or near Southampton?
The percentage of residents who report their age in Southampton is as follows:
| Under 10 | 10.6% |
| Aged 10-19 | 10.8% |
| 20s | 10.2% |
| 30s | 10.4% |
| 40s | 14.4% |
| 50s | 15% |
| 60s | 13.7% |
| 70s | 10.3% |
| 80+ | 4.9% |
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 Southampton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Southampton.
How do you know that living in -- or moving to -- Southampton is right where you need to be? Perhaps you grew up in Southampton or already live nearby; therefore, the decision to buy a home in Southampton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Southampton 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 Southampton:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Southampton.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Southampton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Southampton, meanwhile, can field multiple offers from more qualified buyers.
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