There are currently 4,911 real estate properties in Babylon, NY, with a median automated valuation model (AVM) price of $629,999.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Babylon, 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 Babylon, NY, is $709,162.00, with the most expensive house in Babylon, NY, topping out at $4,595,500.00 and the cheapest home in Babylon, NY, clocking in at $55,370.00. In other words, there’s something for every potential homebuyer or savvy investor in Babylon, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Babylon, NY, is on a rollercoaster ride. The average rent price in Babylon, NY, is $2,705.00. Indeed, when looking to rent in Babylon, NY, you can expect to pay as little as $1,380.00 or as much as $5,740.00, with the average rent median estimated to be $2,610.00. The good news is that finding an affordable and desirable property to rent in Babylon, 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.
Babylon is located in Suffolk, New York, with an estimated municipal population of 211,207 residents. All of the best foreclosed homes for sale in Babylon are located in the following zip code areas on Foreclosure.com: 11798 11726 11729 11757 11704 11701 11702 11703 11735 11707. The estimated population per square kilometer (.62 miles) in Babylon is 1,562.
So, about how much do homes cost in Babylon? The most recent median value of resident-owned homes in Babylon is 361,187. An estimated 76.1 percent of households in Babylon own their homes, with an average family size of 3.72. The median household income in Babylon is 94,011, with47.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Babylon, the median commute time of resident workers (in minutes) is 32.9. And last, but certainly not least, are you looking for homes to rent in Babylon? If so, the average rent price paid by renters in Babylon is 1,677, 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 Babylon, 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 Babylon is 40, split between 48.8 percent male versus 51.2 female. The percentage of residents who report being married in Babylon is 47, with an average family size of 3.72.
The percentage of residents who report their race in Babylon is as follows:
| White | 66.9% |
| Black / African American | 16.9% |
| Asian | 3.7% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.1% |
| Other | 8.9% |
Looking for family-friendly neighborhoods in and/or near Babylon? Or maybe you are searching for 55+ active adult communities in and/or near Babylon?
The percentage of residents who report their age in Babylon is as follows:
| Under 10 | 11.8% |
| Aged 10-19 | 11.9% |
| 20s | 13.9% |
| 30s | 12.3% |
| 40s | 13.6% |
| 50s | 14.8% |
| 60s | 11.8% |
| 70s | 5.8% |
| 80+ | 4.2% |
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 Babylon with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Babylon.
How do you know that living in -- or moving to -- Babylon is right where you need to be? Perhaps you grew up in Babylon or already live nearby; therefore, the decision to buy a home in Babylon is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Babylon 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 Babylon:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Babylon.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Babylon can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Babylon, meanwhile, can field multiple offers from more qualified buyers.
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