Rent to own Homes in Hampton Bays, NY
The hamlet of Hampton Bays, NY was established way back in 1740, and since then it has grown to a population of 16,303 people. The hamlet is located on Long Island, about eighty miles from New York City and it attracts tourists from the city who come on the Long Island Rail Road. If the hamlet looks familiar to you, that may be because it was the setting of the 2007 feature film Margot at the Wedding.
Hampton Bays, NY is a great place for affordable rent-to-own homes! With a median household income of over $90,798 and a median rent of $1,881, the Hampton Bays, 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 Hampton Bays, 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 Hampton Bays, NY Property Resources
Rent to own Homes in Cities Near Hampton Bays, NY
- Aquebogue
- Baiting Hollow
- Bayport
- Belle Terre
- Bellport
- Brookhaven
- Calverton
- Center Moriches
- East Moriches
- East Patchogue
- Eastport
- East Quogue
- East Shoreham
- Farmingville
- Fire Island
- Flanders
- Gordon Heights
- Hampton Bays
- Hauppauge
- Holbrook
- Islandia
- Islip
- Jamesport
- Lake Ronkonkoma
- Laurel
- Manorville
- Mastic
- Mastic Beach
- Mattituck
- Medford
- Middle Island
- Miller Place
- Moriches
- Mount Sinai
- Northampton
- North Bellport
- Patchogue
- Port Jefferson Station
- Ridge
- Shirley
- Shoreham
- Smithtown
- Sound Beach
- Stony Brook
- Stony Brook University
- Terryville
- Village of the Branch
- Wading River
- Westhampton
- Westhampton Beach
Neighborhoods in Hampton Bays, NY
Hampton Bays rent to own homesPopular Zip Codes in Hampton Bays, NY
11946 rent to own homesBuying a Home in Hampton Bays, NY
Hampton Bays, NY is seeing rapid growth and Hampton Bays, NY's' housing market remains not optimal with an average home price that is 135% above the 2024 national average. Hampton Bays, 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 Hampton Bays, NY
Median Rent in Hampton Bays, NY
5 Reasons Why Hampton Bays is a Great Place to Live
A fisherman's paradise! Commercial fishing is still a big part of Hampton Bays' economy and many professional fishermen head to Shinnecock Inlet to catch fin fish and a variety of shellfish. Whether you want to fish professionally or just as a hobby, you can buy your gear at many of the great fishing shops located in Hampton Bays, including White Water Outfitters and East End Bait and Tackle.
Apartment options! There are a few apartment communities to choose from in Hampton Bays. If you want to be close to the town center, check out Town and Country, which is pet-friendly and offers discounts at nearby golf courses. Another good apartment community is Ryan Bishop Village, which is located just off the Sunrise highway.
Feast on fish! Since Hampton Bays has such a large fishing community, there are some great restaurants that serve seafood in the hamlet. If you're looking for a Caribbean flair in your seafood, check out Rumba, which serves a variety of delicious Caribbean-seafood dishes. Another local favorite is Canal Cafe and Market, which is known for having the best lobster roll in the area.
Rising home values! Home values in Hampton Bays have risen 10.7 percent in the past year and they're still growing. These great values can be seen in some of Hampton Bays's largest neighborhoods, including Red Creek and Springville. There are also many great rent to own homes and homes for rent available in these neighborhoods and throughout Hampton Bays.
Shop locally! Hampton Bays' main street is full of locally-owned shops. If you want to decorate your home with antiques, check out Antiques by James Maguire. Or, if you love to knit, you can get the yarn you need at Hampton Knitting Yarn.