There are currently 1,492 real estate properties in Water Mill, NY, with a median automated valuation model (AVM) price of $1,828,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Water Mill, 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 Water Mill, NY, is $2,844,554.00, with the most expensive house in Water Mill, NY, topping out at $48,679,000.00 and the cheapest home in Water Mill, NY, clocking in at $375,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Water Mill, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Water Mill, NY, is on a rollercoaster ride. The average rent price in Water Mill, NY, is $3,782.00. Indeed, when looking to rent in Water Mill, NY, you can expect to pay as little as $2,020.00 or as much as $7,020.00, with the average rent median estimated to be $3,590.00. The good news is that finding an affordable and desirable property to rent in Water Mill, 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 Water Mill, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Water Mill, NY and much more. Save thousands at closing with home foreclosure listings in Water Mill, NY — up to 75% off market value!
Water Mill is located in Suffolk, New York, with an estimated municipal population of 1,631 residents. All of the best foreclosed homes for sale in Water Mill are located in the following zip code areas on Foreclosure.com: 11976. The estimated population per square kilometer (.62 miles) in Water Mill is 59.
So, about how much do homes cost in Water Mill? The most recent median value of resident-owned homes in Water Mill is 1,478,614. An estimated 92.5 percent of households in Water Mill own their homes, with an average family size of 2.61. The median household income in Water Mill is 155,278, with62.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Water Mill, the median commute time of resident workers (in minutes) is 26.1.
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 Water Mill, 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 Water Mill is 53.6, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Water Mill is 54.7, with an average family size of 2.61.
The percentage of residents who report their race in Water Mill is as follows:
|Black / African American||0.4%|
|American Indian / Alaskan Native||0.8%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Water Mill? Or maybe you are searching for 55+ active adult communities in and/or near Water Mill?
The percentage of residents who report their age in Water Mill 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 Water Mill with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Water Mill.
How do you know that living in -- or moving to -- Water Mill is right where you need to be? Perhaps you grew up in Water Mill or already live nearby; therefore, the decision to buy a home in Water Mill is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Water Mill 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 Water Mill:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Water Mill.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Water Mill can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Water Mill, meanwhile, can field multiple offers from more qualified buyers.