Roosevelt, NY Real Estate & Homes For Sale

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Roosevelt Real Estate Market Facts

$285,600Median home price
equal to New York
$1,681Median rent asked
45% higher than New York
71.5%Home owners
33% higher than New York
3.8People per home
46% higher than New York

The above shows an overview of the real estate market in Roosevelt, NY. Note how the median home price for Roosevelt, NY runs $285,600, which is equal to the average property price for New York. So you’re going to get real estate in Roosevelt, NY that is on-average more affordable than what you’ll find in the rest of New York. As for rent, the median for Roosevelt, NY runs $1,681, which is comparatively 45% higher than the average rent for New York. For Roosevelt, NY, about 71.5% of the population consist of home owners with about 3.8 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Roosevelt, NY offers a wide variety of real estate. To find your perfect home in Roosevelt, NY, filter your choice by price, location, and number of beds and baths using the search area above.

Roosevelt Home Affordability

$285,600Median home price
equal to New York
$73,191Median home income
20% higher than New York
3.9xHome price to income ratio
17% lower than New York

When deciding where to purchase Roosevelt, NY real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Roosevelt, NY the median home price is $285,600 and $73,191 is the median household income. As a result, the home price to income ratio in Roosevelt, NY is 3.9x, which is 17% lower than the New York average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Roosevelt, NY the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Roosevelt, NY.

Roosevelt Affordability Calculator

You can afford a home up to:

Debt-to-income ratio

Monthly income breakdown

Monthly income
Monthly payment
Debt payment
Income taxes
Remainder

When looking for real estate in Roosevelt, NY, finding one that won't strain your budget is imperative. That's when the home affordability calculator comes in handy. It allows you to calculate the cost of a property in Roosevelt, NY, not only by considering your income, but debts and down payment amounts as well. You can personalize the home affordability calculator even further by adding in additional factors like length of mortgage term, property taxes, home insurance costs, mortgage rate, and HOA dues. The calculator will come up with an estimated cost of home ownership and display an amount that would fit within your budget. Knowing this figure will help you find a home that you can afford in Roosevelt, NY and keep you from looking at places that are out of financial reach. Therefore, you can avoid disappointment and emotional attachment to homes you would not be able to afford. Additionally, this tool allows you to balance your budget because it also calculates the amount of money left over for savings and other expenses.

Roosevelt Mortgage Calculator

Your monthly payment will be:

Monthly payment breakdown

Monthly payment
Mortgage
PMI fees
Property tax
Home insurance
HOA dues

If I buy a real estate in Roosevelt, NY, what can I expect to pay monthly? There are a number of different factors that will go in to determining your monthly cost. While most people understand how significant the overall price of the house goes into determining the payment amount, it's also important to know that there are a variety of other variables to consider. These include things such as property taxes, private mortgage insurance (PMI), home owner's association dues, interest rate, and how much of a down payment has been made on the house. Understanding these is a great way to reduce overall payment. For example, you can reduce the private mortgage insurance by making a down payment of 20%. The mortgage calculator above will have all of these variables already filled out with default data, but you can customize it to give you a much more accurate reading. Generally speaking, you want to keep your debt to income ratio at about 36% when calculating your monthly house payment, which means paying no more than 36% of your monthly salary towards your housing and other debts.

Roosevelt Demographics

16,675Population
9,420People / sq mile
33.5Median age
1.0:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Wyandanch, NY	10,722	$238,000	29%
North Amityville, NY	20,150	$271,800	47%
Hempstead, NY	55,454	$306,900	66%
Copiague, NY	23,327	$308,400	67%
Freeport, NY	43,217	$311,100	68%
Roosevelt, NY	16,675	$285,600	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Parole, MD	16,679	$409,500	122%
New Milford, NJ	16,682	$394,200	113%
Tifton, GA	16,691	$133,700	28%
Altoona, IA	16,692	$168,100	9%
North Decatur, GA	16,652	$253,900	37%
Roosevelt, NY	16,675	$285,600	55%

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