Fire Island, NY Foreclosures
How much do homes sell for in Fire Island, NY?
The average home price is currently $690,220.
What’s the average rental cost in Fire Island, NY?
The average rental price in Fire Island is $2,507.
What is the most expensive home in Fire Island?
The most expensive home sold in Fire Island had a price of $1,680,098.
What is currently the cheapest priced home in Fire Island, NY?
The cheapest home for sale in Fire Island is priced at $289,350.
Living in Fire Island, NY
Fire Island, New York, is a picturesque barrier island located off the southern shore of Long Island. Known for its beautiful beaches, charming communities, and rich natural landscapes, it offers a unique and tranquil lifestyle. Residents enjoy a close-knit community atmosphere and a range of outdoor activities, making it a popular spot for both summer getaways and year-round living.
Current Market Conditions in Fire Island, NY
The Fire Island real estate market has shown resilience over the past year, with a steady demand for properties, particularly during the summer months when tourism peaks. Home prices have seen modest increases as buyers seek vacation homes or year-round residences in this idyllic coastal setting. The limited supply, combined with the unique appeal of Fire Island, continues to drive values higher, making it an attractive investment for buyers looking for a getaway or a permanent home.
Current trends indicate that interest in Fire Island properties remains strong, particularly among investors who are purchasing homes to rent during peak seasons. The rental market is thriving, providing owners with lucrative opportunities to generate income through vacation rentals, as the island draws visitors from New York City and beyond.
Home Value Estimator For Fire Island, NY
There are currently 39 real estate properties
in Fire Island, NY,
with a median automated valuation model (AVM) price
of $420,400.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fire Island, 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 Fire Island, NY,
is $690,220.00, with the most expensive house
in Fire Island, NY, topping out
at $1,680,098.00 and the cheapest home
in Fire Island, NY,
clocking in at $289,350.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fire Island, NY!
Rent Prices
In Fire Island, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fire Island, NY, is on
a rollercoaster ride. The
average rent price in Fire Island, NY,
is $2,507.00. Indeed, when looking to rent in
Fire Island, NY, you can expect to pay as little
as $2,260.00 or as much
as $3,670.00,
with the average rent median estimated to
be $2,260.00. The good news is that finding
an affordable and desirable property to rent in Fire Island, 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.
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