Cheap Homes in Riverhead, NY

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View this home at Patchogue St Patchogue NY 11772
$49,056 EMV

2 Bed | 1 Bath | 768 Sq. Ft.

View this home at Inkberry St East Hampton NY 11937
$24,192 EMV
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Foreclosure Homes in Riverhead, NY

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Riverhead, NY area at Get information on foreclosure homes for rent, how to buy foreclosures in Riverhead, NY and much more. Save thousands at closing with home foreclosure listings in Riverhead, NY — up to 75% off market value!

Top Reasons To Live In Riverhead, NY In 2023

Riverhead is located in Suffolk, New York, with an estimated municipal population of 33,549 residents. All of the best foreclosed homes for sale in Riverhead are located in the following zip code areas on 11933 11792 11948 11901 11970 11949 11947 11931. The estimated population per square kilometer (.62 miles) in Riverhead is 192.

Cost Of Living In Riverhead, NY

So, about how much do homes cost in Riverhead? The most recent median value of resident-owned homes in Riverhead is 366,618. An estimated 77.2 percent of households in Riverhead own their homes, with an average family size of 3.15. The median household income in Riverhead is 73,161, with38.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Riverhead, the median commute time of resident workers (in minutes) is 28.5. And last, but certainly not least, are you looking for homes to rent in Riverhead? If so, the average rent price paid by renters in Riverhead is 1,441, according to recent statistics.

Diversity And Demographics In Riverhead, New York

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 Riverhead, 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 Riverhead is 46.8, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Riverhead is 51.2, with an average family size of 3.15.

The percentage of residents who report their race in Riverhead is as follows:

White 84.3%
Black / African American 9.9%
Asian 2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 2.8%

Looking for family-friendly neighborhoods in and/or near Riverhead? Or maybe you are searching for 55+ active adult communities in and/or near Riverhead?

The percentage of residents who report their age in Riverhead is as follows:

Under 10 9.4%
Aged 10-19 11%
20s 10.9%
30s 10.1%
40s 12.3%
50s 13.9%
60s 15.9%
70s 11.5%
80+ 4.9%

Best Schools In Riverhead, New York

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 Riverhead with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Riverhead.

Pros And Cons Of Living In Riverhead, New York

How do you know that living in -- or moving to -- Riverhead is right where you need to be? Perhaps you grew up in Riverhead or already live nearby; therefore, the decision to buy a home in Riverhead is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Riverhead 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 Riverhead:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Riverhead.

Reasons To Move To Riverhead, New York, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Riverhead can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Riverhead, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Riverhead, NY


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