Bay Shore, New York Housing Market Prices
Bay Shore Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 88% below the New York median$55,001
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Median rent 27% above the New York median$2,064
Housing Market Overview
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,001 | $471,885 | $248,835 |
| Price Trend (Annual %) | -1.8% | 7.1% | 7.5% |
| Median Gross Rent | $2,064 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bay Shore is about 88% lower than in New York. Rent is about 27% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Bay Shore: home prices fell about 1.8% a year while rent rose about 5.3% a year. That is an unusual pattern worth watching.
Median rent in Bay Shore rose about 55.0% between 2015 and 2024, from $1,332 to $2,064. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Bay Shore.
Buying the median-priced home in Bay Shore costs roughly 2.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bay Shore. The price-to-rent ratio in New York is about 24.3.
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $55,001 | $471,885 | $248,835 |
| Median Household Income | $105,025 | $86,556 | $80,455 |
| Price-to-Income Ratio | 0.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bay Shore fell about 76.2%, while median household income rose about 37.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 48.8% | 58.5% |
| Rental Rate | 35.6% | 41.1% | 31.2% |
| Vacancy Rate | 4.4% | 10.1% | 10.2% |
| Median Tenure (years) | 15.0 | 17.0 | 15.0 |
| Median Year Moved In | 2011 | 2009 | 2011 |
Bay Shore has a homeownership rate of 60.0%, higher than the New York average of 48.8%. Its housing vacancy rate is 4.4%, compared with 10.1% in New York.
Housing Stock
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.18 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1967 | 1960 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Bay Shore was built around 1967. On average, 3.2 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bay Shore, New York.
What is the median home price in Bay Shore, New York?
The median home price in Bay Shore, New York is $55,001, lower than the New York average of $471,885.
What is the average home price in Bay Shore, New York?
The typical home price in Bay Shore, New York, reported as the median sale price, is $55,001. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bay Shore, New York?
The median gross rent in Bay Shore, New York is $2,064 per month, higher than the New York average of $1,621.
What was the median gross rent in Bay Shore in 2020?
In 2020, the median gross rent in Bay Shore, New York was $1,647 per month.
What is the price-to-rent ratio in Bay Shore, New York?
The price-to-rent ratio in Bay Shore, New York is about 2.2, meaning it would take roughly 2.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bay Shore.
Are home prices or rent rising faster in Bay Shore, New York?
Home prices and rent are moving in opposite directions in Bay Shore: home prices fell about 1.8% a year while rent rose about 5.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Bay Shore, New York?
60.0% of households in Bay Shore, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Bay Shore, New York?
The housing vacancy rate in Bay Shore, New York is 4.4%, lower than the New York average of 10.1%.
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