Bridgehampton - Sagaponack, NY - 11962 - Real Estate Market Appreciation & Housing Market Trends

Overview

Bridgehampton - Sagaponack is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of New York. With a population of 3,326 people and just one neighborhood, Bridgehampton - Sagaponack is the 445th largest community in New York.

Bridgehampton - Sagaponack home prices are not only among the most expensive in New York, but Bridgehampton - Sagaponack real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Unlike some towns, Bridgehampton - Sagaponack isn鈥檛 mainly white- or blue-collar. Instead, the most prevalent occupations for people in Bridgehampton - Sagaponack are a mix of both white- and blue-collar jobs. Overall, Bridgehampton - Sagaponack is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Bridgehampton - Sagaponack who work in management occupations (23.56%), teaching (10.94%), and sales jobs (9.74%).

Another important characteristic of Bridgehampton - Sagaponack is that a lot of people work in agricultural jobs, especially compared to most other communities in America, and there are quite a number of farms in town.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 34.74% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

Another notable thing is that Bridgehampton - Sagaponack is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town鈥檚 population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

In addition, Bridgehampton - Sagaponack is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, Bridgehampton - Sagaponack is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Bridgehampton - Sagaponack really has some of the features that families look for when choosing a good community to raise children. Is Bridgehampton - Sagaponack perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

Bridgehampton - Sagaponack is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

Even though Bridgehampton - Sagaponack is a smaller town, it has many people who hop on public transportation 鈥� mostly the subway for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

Demographics

If knowledge is power, Bridgehampton - Sagaponack is a pretty powerful place. 63.77% of the adults in Bridgehampton - Sagaponack have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Bridgehampton - Sagaponack in 2022 was $131,882, which is wealthy relative to New York and the nation. This equates to an annual income of $527,528 for a family of four. However, Bridgehampton - Sagaponack contains both very wealthy and poor people as well.

Bridgehampton - Sagaponack is an extremely ethnically-diverse town. The people who call Bridgehampton - Sagaponack home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bridgehampton - Sagaponack residents report their race to be White, followed by Black or African-American. Bridgehampton - Sagaponack also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 18.31% of the town鈥檚 residents. Important ancestries of people in Bridgehampton - Sagaponack include Polish, English, Irish, Eastern European, and Russian.

In addition, Bridgehampton - Sagaponack has a lot of people living here who were born outside of the US (25.62%).

The most common language spoken in Bridgehampton - Sagaponack is English. Other important languages spoken here include Spanish and Polish.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Bridgehampton - Sagaponack, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of. One of the notable things about is that it is one of the quietest neighborhoods in America, according to 蘑菇视频's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.

In addition, despite all of the residential real estate here in the neighborhood, 蘑菇视频 has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 66.7%, which is higher than 99.6% of all U.S. neighborhoods.

Furthermore, the neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.7% of all neighborhoods in America.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to 蘑菇视频's leading analysis, the neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 9.5% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.9% of U.S. neighborhoods.

Modes of Transportation

A unique way of commuting is simply not to. And in the neighborhood, analysis shows that 34.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 97.4% of the neighborhoods in the United States. One thing 蘑菇视频's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

People

If you are planning to retire in New York, this neighborhood should be on your must-see list. For many reasons, may be considered a retiree's dream neighborhood. According to 蘑菇视频's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in New York, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.8% of neighborhoods in NY. If a New York retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Diversity

Did you know that the neighborhood has more Eastern European and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.8% of this neighborhood's residents have Eastern European ancestry and 6.6% have Russian ancestry.

is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 95.8% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Bridgehampton - Sagaponack are upper-middle income, making it an above average income neighborhood. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 78.8% of the neighborhoods in America. In addition, 5.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 62.7% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 48.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.8%), and 9.5% in farming, forestry, or commercial fishing.

Languages

The most common language spoken in the neighborhood is English, spoken by 83.9% of households. Some people also speak Spanish (11.1%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture 鈥� some more unique than others 鈥� based on lifestyle, occupations, the types of households 鈥� and importantly 鈥� on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the neighborhood in Bridgehampton - Sagaponack, NY, residents most commonly identify their ethnicity or ancestry as Polish (8.6%). There are also a number of people of Dominican ancestry (7.9%), and residents who report English roots (7.6%), and some of the residents are also of Irish ancestry (7.2%), along with some Eastern European ancestry residents (6.8%), among others. In addition, 25.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (42.4% of working residents), one of the shortest commutes across America.

Here most residents (52.6%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (7.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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