There are currently 56 real estate properties in Peconic, NY, with a median automated valuation model (AVM) price of $1,273,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Peconic, 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 Peconic, NY, is $1,777,034.00, with the most expensive house in Peconic, NY, topping out at $10,768,400.00 and the cheapest home in Peconic, NY, clocking in at $427,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Peconic, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Peconic, NY, is on a rollercoaster ride. The average rent price in Peconic, NY, is $3,759.00. Indeed, when looking to rent in Peconic, NY, you can expect to pay as little as $2,200.00 or as much as $6,070.00, with the average rent median estimated to be $3,710.00. The good news is that finding an affordable and desirable property to rent in Peconic, 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 Peconic, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Peconic, NY and much more. Save thousands at closing with home foreclosure listings in Peconic, NY — up to 75% off market value!
Peconic is located in Suffolk, New York, with an estimated municipal population of 812 residents. All of the best foreclosed homes for sale in Peconic are located in the following zip code areas on Foreclosure.com: 11971 11958. The estimated population per square kilometer (.62 miles) in Peconic is 92.
So, about how much do homes cost in Peconic? The most recent median value of resident-owned homes in Peconic is 684,139. An estimated 80.9 percent of households in Peconic own their homes, with an average family size of 2.8. The median household income in Peconic is 91,393, with39 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Peconic, the median commute time of resident workers (in minutes) is 20.2.
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 Peconic, 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 Peconic is 57.7, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Peconic is 63.1, with an average family size of 2.8.
The percentage of residents who report their race in Peconic is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Peconic? Or maybe you are searching for 55+ active adult communities in and/or near Peconic?
The percentage of residents who report their age in Peconic 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 Peconic with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Peconic.
How do you know that living in -- or moving to -- Peconic is right where you need to be? Perhaps you grew up in Peconic or already live nearby; therefore, the decision to buy a home in Peconic is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Peconic 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 Peconic:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Peconic.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Peconic can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Peconic, meanwhile, can field multiple offers from more qualified buyers.
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