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Oyster Bay Housing Information

IndexOyster BayNew YorkNational
Median home price$556,400$286,300$184,700
Median rent asked$1,860$1,159$949
Avg. people per household2.32.62.6
Owner occupied households61.4%53.6%63.6%
Renter occupied households38.6%46.4%36.4%
Above, you'll find an overview of the real estate market in Oyster Bay, NY. Generally, real estate in the Oyster Bay, NY area is less affordable in New York, as the median price of a home in Oyster Bay, NY is $556,400, which is 94% higher than the New York average. The median rental price in Oyster Bay, NY is $1,860. This is 60% higher than the average rental price in New York. Home owners comprise 61.4% of the population of Oyster Bay, NY, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Oyster Bay, NY. Below, you can search for real estate listings in Oyster Bay, NY using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Oyster Bay Home Affordability

When searching for real estate in Oyster Bay, NY, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Oyster Bay, NY, the median house price is $556,400, while the median income for households in the area is $91,438. Therefore, the ratio of house price to income is 6.1x; this ratio is 29% higher than the average in New York. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Oyster Bay, NY.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Greenville CDP (Greene County), NY604$164,60011%
Wyandanch, NY10,722$238,00029%
Hartsdale, NY5,414$260,60041%
North Amityville, NY20,150$271,80047%
Brentwood, NY61,438$280,80052%
Oyster Bay, NY6,226$556,400201%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
International Falls, MN6,226$84,10054%
Riverside, MD6,226$196,8007%
Portland, IN6,225$69,30062%
Providence Village, TX6,223$164,40011%
Harriman, TN6,223$79,00057%
Oyster Bay, NY6,226$556,400201%

Source: The Oyster Bay, NY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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