There are currently 341 real estate properties in Wainscott, NY, with a median automated valuation model (AVM) price of $173,160.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wainscott, 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 Wainscott, NY, is $1,209,209.00, with the most expensive house in Wainscott, NY, topping out at $18,254,200.00 and the cheapest home in Wainscott, NY, clocking in at $23,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Wainscott, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wainscott, NY, is on a rollercoaster ride. The average rent price in Wainscott, NY, is $3,174.00. Indeed, when looking to rent in Wainscott, NY, you can expect to pay as little as $1,620.00 or as much as $5,670.00, with the average rent median estimated to be $3,140.00. The good news is that finding an affordable and desirable property to rent in Wainscott, 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.
Wainscott is located in Suffolk, New York, with an estimated municipal population of 349 residents. All of the best foreclosed homes for sale in Wainscott are located in the following zip code areas on Foreclosure.com: 11975 11937. The estimated population per square kilometer (.62 miles) in Wainscott is 20.
So, about how much do homes cost in Wainscott? The most recent median value of resident-owned homes in Wainscott is 1,694,300. An estimated 90.1 percent of households in Wainscott own their homes, with an average family size of 2.57. The median household income in Wainscott is 144,375, with54.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wainscott, the median commute time of resident workers (in minutes) is 9.2.
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 Wainscott, 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 Wainscott is 55.9, split between 55 percent male versus 45 female. The percentage of residents who report being married in Wainscott is 58.2, with an average family size of 2.57.
The percentage of residents who report their race in Wainscott is as follows:
White | 90% |
Black / African American | 6.6% |
Asian | 2% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0.9% |
Other | 0.6% |
Looking for family-friendly neighborhoods in and/or near Wainscott? Or maybe you are searching for 55+ active adult communities in and/or near Wainscott?
The percentage of residents who report their age in Wainscott is as follows:
Under 10 | 12.6% |
Aged 10-19 | 4.9% |
20s | 7.7% |
30s | 14.6% |
40s | 2.6% |
50s | 14.3% |
60s | 22.3% |
70s | 12.4% |
80+ | 8.6% |
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 Wainscott with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wainscott.
How do you know that living in -- or moving to -- Wainscott is right where you need to be? Perhaps you grew up in Wainscott or already live nearby; therefore, the decision to buy a home in Wainscott is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wainscott 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 Wainscott:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wainscott.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wainscott can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wainscott, meanwhile, can field multiple offers from more qualified buyers.
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