Freeport is located on Long Island’s South Shore next to the hamlet of Oceanside. The population totaled about 43,000, which makes it the second-largest village in the state of New York. This small town has a history of being a resort for wealthy New Yorkers and for its role in the oyster trade in the late 1800s.
Today, Freeport is a commuter town that attracts young professionals and those who are older and want a place to settle down for retirement. Freeport’s real estate market is also more favorable than other nearby towns, making it an ideal place to put down roots.
Are you looking to buy or rent in Freeport? This article discusses living in Freeport, its real estate market, and popular things to do in this small commuter town.
History of Freeport
Meroke Indians were the first inhabitants of Freeport before English settlers cleared land and built homes in the area. The Civil War allowed Freeport to establish itself as a hub for oystering, although the oyster trade died down in the early 1900s due to increased pollution and changing salinity in the Great South Bay.
The 20th century brought on expansion for Freeport. The town became a hotspot for fishing and boating and attracted tourists from all over the Northeast. Freeport also emerged as a hub for theater and vaudeville performers in 1914.
Today, Freeport is a “bedroom community” for New York City, meaning that many of its residents commute into the city for work each day.
Freeport real estate
Freeport’s real estate market has a median listing home price of $529,000 and a median home sale price of $520,000. Homes in Freeport range from $400,000 to $950,000 and tend to sell in an average of 27 days.
According to Realtor.com, Freeport has shifted to a buyer’s market, although home prices are trending higher year-over-year. Fewer homes are selling in Freeport than last year, although housing prices have fallen slightly since last November.
Things to do in Freeport
Residents and visitors of Freeport tend to find themselves exploring the restaurants and bars located on Freeport’s Nautical Mile. There are dozens of restaurants to choose from, including places for wings, ice cream, beers, and seafood.
Other things to do in Freeport include checking out the Freeport farmers market and Randall Park. There are also water taxis and tours run by Freeport locals that allow you to experience the natural beauty of Freeport along the South Shore of Long Island.
Final thoughts
Freeport is one of the best places to live on Long Island. A booming real estate market and home prices that are less than average for the area make Freeport a great place to settle. Fix and flips are one of the most popular real estate investing strategies used by investors in Freeport, or they may choose to rent their property to tenants that aren’t ready to buy a home just yet.
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Tue, 29 Nov 2022 19:00:50 +0000
by Mottek Group