Fire Island First-Time Homebuyer Report for October

Fire Island is a small city in New York with a median income of $75,738 per household. Besides being affluent, its population is much younger than others with a median age of 46 years. 11706, 11772, and 11782 are the three largest zip codes in terms of population. The Fire Island market is primarily made up of detached houses, which currently account for 86% of the homes for sale in the area.

Price Range

The median value of homes in Fire Island is $547,900, making it one of the most valuable areas in New York. At the same time, the average list price of available homes is presently $772,896. 11770, 11782, and 11702 have the highest worth in the city.

Make sure you take a look at these eye-catching homes in Fire Island that generated the most views from potential buyers:

$1.5M   $1.8M   $260K  

Typical Dwelling

A four-bedroom detached home valued around $1,089,866 is considered a typical dwelling in Fire Island. If a buyer was looking for a similar home, they would need good credit and a $217,973 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $5,309 and the property tax rate is $26.26 per $1,000 of taxable assessed value.

Get started right now by checking out Fire Island homes for sale or reviewing Fire Island real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
William Raveis Real Estate
Snapped 3 homes in this area

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