October's First-Time Homebuyer Report for Lattingtown

The population of Lattingtown is growing about even with the rest of New York, at a 10-year growth rate of -5.4%. It's an average-sized city compared to the rest of the state, with 1,739 residents. Homes in Lattingtown are older than most with a median age of 51 years. The top school in the city is John F Kennedy School.

Culture

A highly recommended place to eat in Lattingtown, according to Foursquare, is Locust Valley Inn. If you'd like to shop, a popular place is Locust Valley Market. You could also go to the popular The Creek Club and Bailey Arboretum for outdoor activities.

Price Range

Homes in Lattingtown are generally more expensive than others in the state with a median home value of $1,179,800 and an average list price of $2,394,852. The Lattingtown market showed strong improvement in this week's report, as the number of sales went up to two homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lattingtown:

$3.5M   $3.8M   $2M  

Typical Dwelling

A four-bedroom detached home valued around $1,478,876 is considered a typical dwelling in Lattingtown. If a buyer was looking for a similar home, they would need good credit and a $295,775 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,593 and the property tax rate is $23.43 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Daniel Gale Assoc Inc
Snapped 2 homes in this area
Daniel Gale Assoc Inc
Snapped 25 homes in this area

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