Rent to own Homes in Bay Shore, NY
A small hamlet in the Town of Isli, in Suffolk County, NY, Bay Shore is located on the southern side of Long Island. Purchased from the Secatogue Native Americans in 1708, the hamlet was known by a variety of names until 1868, when it was officially designated Bay Shore. During this era, the hamlet became known as a resort town and was popular with rich New Yorkers looking for an escape. With its rich history and great location, Bay Shore remains a popular spot for locals and tourists alike.
Bay Shore, NY is a great place for affordable rent-to-own homes! With a median household income of over $87,278 and a median rent of $1,647, the Bay Shore, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Bay Shore, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Bay Shore, NY Property Resources
Rent to own Homes in Cities Near Bay Shore, NY
- Amityville
- Asharoken
- Babylon
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayville
- Bellmore
- Compo
- East Garden City
- East Meadow
- East Northport
- East Rockaway
- Elwood
- Flower Hill
- Freeport
- Glen Head
- Greenlawn
- Greens Farms
- Halesite
- Hauppauge
- Herricks
- Holbrook
- Huntington Bay
- Lake Ronkonkoma
- Levittown
- Lindenhurst
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Massapequa Park
- Medford
- Mount Sinai
- Muttontown
- North Amityville
- North Merrick
- Northport
- North Wantagh
- Norwalk
- Port Jefferson Station
- Roslyn Heights
- Salisbury
- South Hempstead
- Stony Brook
- West Hills
- West Islip
- Wheatley Heights
- Williston Park
- Wyandanch
Neighborhoods in Bay Shore, NY
No neighborhoods foundPopular Zip Codes in Bay Shore, NY
11706 rent to own homesBuying a Home in Bay Shore, NY
Bay Shore, NY is seeing rapid growth and Bay Shore, NY's' housing market remains not optimal with an average home price that is 67% above the 2024 national average. Bay Shore, NY is part of Suffolk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Suffolk is 1.7% which is above the national average, which is 0.99%.
Median Home Price in Bay Shore, NY
Median Rent in Bay Shore, NY
Top 6 Reasons to Live in Bay Shore, NY
Historic Architecture! Along a stretch of road known as the Montauk Highway, you can visit mansions and estates that date back to the 1880's. Tales of hauntings and dramatic lifestyles abound in these beautiful examples of historical architecture. You can visit the W.H. Wray House, the Hulse House or the Gustavino Tile House.
The Waterfront! Located on the south side of Long Island, Bay Shore sits right on the Great South Bay. Down at the Bay Shore Marina you can eat, visit the small beach, head over to Shipwreck Cove Spray Park and even dock your boat if you are so inclined.
Great for Renters! With a welcoming 40 percent of renters living in Bay Shore, finding a great place for short term rentals or rent to own properties is easy. Popular neighborhoods for rentals are West Bay Shore, Union Blvd and Commack Rd.
Rising Home Appreciation! With appreciation rates rising 4.3 percent in the past year and 6.8 percent in the past two years, Bay Shore has proven to be a great place to find a home. Over 90 percent of homeowners are staying in their homes for longer than a year. The neighborhoods of Bay Wood, Howells Rd and Bay Shore Rd have seen the highest percentage of appreciation in the past year.
Delicious restaurants! If you are looking for a nice restaurant overlooking the water, head over to Molly Malone's Pub and Restaurant for a relaxing brunch outside. If you are looking for some authentic Italian food, head over to Frank and Maria's Italian Pork Store. Originally just a meat market, it now offers authentic Italian cuisine. With over 120 choices, you can find anything you are in the mood to eat.
Fire Island! Bay Shore is a hub for folks looking to visit the outer islands of Long Island such as Fire Island or Jones Beach. You can catch a ferry to Fire Island from Bay Shore to visit Ocean Beach, Fair Harbor or Kismet.