11706, Bay Shore, NY

Bay Shore, NY is located in Suffolk County and has a population of about 27,000. The median household income is around $100,000 and the median home value is around $1.2 million. Bay Shore has a relatively low unemployment rate of 3.5% and a high percentage of homeowners (around 85%).

There are several factors that have contributed to the high home values in Bay Shore. First, the area is affluent and has a high percentage of families with incomes over $100,000. Second, there are few new homes being built in Bay Shore which has helped to keep prices high. Finally, the area has been stable economically for many years which has also helped to increase prices.

Despite these positive factors, there are some challenges facing Bay Shore homeowners that could potentially impact home values in the future. For example, if interest rates rise significantly or if there is another economic recession, then home values could decline. Additionally, if more people move into Bay Shore or if the economy declines further in Suffolk County then prices may also decline. However, given the stability of prices over recent years it seems likely that Bay Shore homeowners will continue to see strong appreciation in their homes over time.