There are currently 2,758 real estate properties in Oyster Bay, NY, with a median automated valuation model (AVM) price of $858,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oyster Bay, 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 Oyster Bay, NY, is $1,186,329.00, with the most expensive house in Oyster Bay, NY, topping out at $14,739,400.00 and the cheapest home in Oyster Bay, NY, clocking in at $58,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Oyster Bay, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oyster Bay, NY, is on a rollercoaster ride. The average rent price in Oyster Bay, NY, is $3,597.00. Indeed, when looking to rent in Oyster Bay, NY, you can expect to pay as little as $1,270.00 or as much as $8,080.00, with the average rent median estimated to be $3,260.00. The good news is that finding an affordable and desirable property to rent in Oyster Bay, 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 Oyster Bay, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Oyster Bay, NY and much more. Save thousands at closing with home foreclosure listings in Oyster Bay, NY — up to 75% off market value!
Oyster Bay is located in Nassau, New York, with an estimated municipal population of 297,822 residents. All of the best foreclosed homes for sale in Oyster Bay are located in the following zip code areas on Foreclosure.com: 11547 11545 11548 11762 11804 11709 11714 11568 11560 11791 11797 11771 11579 11753 11758 11765 11803 11801 11735 11732 11737 11773 11802 11815 11853. The estimated population per square kilometer (.62 miles) in Oyster Bay is 1,108.
So, about how much do homes cost in Oyster Bay? The most recent median value of resident-owned homes in Oyster Bay is 529,419. An estimated 88.3 percent of households in Oyster Bay own their homes, with an average family size of 3.32. The median household income in Oyster Bay is 129,232, with61.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oyster Bay, the median commute time of resident workers (in minutes) is 36.5. And last, but certainly not least, are you looking for homes to rent in Oyster Bay? If so, the average rent price paid by renters in Oyster Bay is 2,005, 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 Oyster Bay, 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 Oyster Bay is 44.3, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Oyster Bay is 58.7, with an average family size of 3.32.
The percentage of residents who report their race in Oyster Bay is as follows:
|Black / African American||2.3%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Oyster Bay? Or maybe you are searching for 55+ active adult communities in and/or near Oyster Bay?
The percentage of residents who report their age in Oyster Bay 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 Oyster Bay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oyster Bay.
How do you know that living in -- or moving to -- Oyster Bay is right where you need to be? Perhaps you grew up in Oyster Bay or already live nearby; therefore, the decision to buy a home in Oyster Bay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oyster Bay 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 Oyster Bay:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oyster Bay.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oyster Bay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oyster Bay, meanwhile, can field multiple offers from more qualified buyers.