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 3,281 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%).

In addition, many people in Bridgehampton - Sagaponack have jobs in agriculture, more so than in most other communities in America. As a result, you will see quite a number of farms around town.

Telecommuters are a relatively large percentage of the workforce: 34.74% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 a major vacation destination. Much of the town鈥檚 population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Bridgehampton - Sagaponack鈥檚 population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

In addition, Bridgehampton - Sagaponack is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

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. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

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

Do you like to read, write and learn? If you move to Bridgehampton - Sagaponack, you'll likely find that many of your neighbors like to as well. Bridgehampton - Sagaponack is one of the more educated communities in America, with a full 63.77% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

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

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to 蘑菇视频's exclusive exploration and analysis.

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, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 66.7% of the residential real estate vacant, the neighborhood claims the distinction of having a higher vacancy rate than 99.6% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

Furthermore, some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 96.7% of all American neighborhoods.

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.

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 98.0% 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.

Modes of Transportation

In the neighborhood, many people's commute means walking from the bedroom to the home office. 蘑菇视频's analysis found that 34.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 97.4% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

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.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

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

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture 鈥� our learned behavior 鈥� comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

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

How you get to work 鈥� car, bus, train or other means 鈥� and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. 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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