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There are currently 5 real estate properties in Fire Island, NY, with a median automated valuation model (AVM) price of $841,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fire 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 Fire Island, NY, is $977,920.00, with the most expensive house in Fire Island, NY, topping out at $1,435,100.00 and the cheapest home in Fire Island, NY, clocking in at $447,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Fire Island, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fire Island, NY, is on a rollercoaster ride. The average rent price in Fire Island, NY, is $3,096.00. Indeed, when looking to rent in Fire Island, NY, you can expect to pay as little as $2,590.00 or as much as $3,730.00, with the average rent median estimated to be $2,850.00. The good news is that finding an affordable and desirable property to rent in Fire 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 Fire Island, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Fire Island, NY and much more. Save thousands at closing with home foreclosure listings in Fire Island, NY — up to 75% off market value!
Fire Island is located in Suffolk, New York, with an estimated municipal population of 293 residents. All of the best foreclosed homes for sale in Fire Island are located in the following zip code areas on Foreclosure.com: 11951 11770 11772 11706 11702 11782. The estimated population per square kilometer (.62 miles) in Fire Island is 12.
So, about how much do homes cost in Fire Island? The most recent median value of resident-owned homes in Fire Island is 488,151. An estimated 90.6 percent of households in Fire Island own their homes, with an average family size of 3.68. The median household income in Fire Island is 106,875, with58.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fire Island, the median commute time of resident workers (in minutes) is 30.2. And last, but certainly not least, are you looking for homes to rent in Fire Island? If so, the average rent price paid by renters in Fire Island is 1,500, 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 Fire 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 Fire Island is 51.3, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Fire Island is 61.2, with an average family size of 3.68.
The percentage of residents who report their race in Fire Island is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Fire Island? Or maybe you are searching for 55+ active adult communities in and/or near Fire Island?
The percentage of residents who report their age in Fire Island is as follows:
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 Fire Island with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fire Island.
How do you know that living in -- or moving to -- Fire Island is right where you need to be? Perhaps you grew up in Fire Island or already live nearby; therefore, the decision to buy a home in Fire Island is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fire 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 Fire Island:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fire Island.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fire Island can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fire Island, meanwhile, can field multiple offers from more qualified buyers.
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