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Why Not Long Island? Great Affordable Places around NYC

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Corporate Relocation Services

Posted On : May 20, 2015

         Are you looking for a home that’s within commuting distance to New York City, but is still affordable? The greater New York Metro area has plenty of housing options to offer those looking to escape the city or perhaps purchase their first home. There are many reasons that areas around New York such as Long Island and New Jersey are a great place to call home. With ample public transit to help you get in and out of the city, steadily rising property values, and affordable homes, the New York Metro area has something for everyone. Let’s take a look at some of the best towns around the area for home buyers.

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  1. New Jersey: Montclair. Long a refuge for New Yorkers who want to escape the city for a more suburban environment, Montclair is perfect for those who want to be close to the city but not in it. Homebuyers can purchase a Colonial or split-level style home for $375K to $400K. If you’re willing to spend a bit more, you can even have a home with a view of the New York skyline.
  2. Long Island: Valley Stream. Valley Stream is a diverse community on Long Island that has a variety of homes: starter homes, medium-sized homes, and even senior communities. Spend as little as $55K for a one-bedroom condo to upwards of $700K for a five-bedroom Colonial home. Valley Stream is also close to JFK airport and easily accessible via the Long Island Railroad.
  3. New Jersey: Ridgewood. Looking for a family-oriented community with a great public school system? Ridgewood’s residents are proud of its great schools and its tight-knit neighborhood vibe. Manhattan is a one hour train ride away. Two-bedroom starter homes in Ridgewood go for around $350K.
  4. Long Island: South Setauket. Home prices in this town not too far from the North Shore can vary wildly, but all property values are on the rise here. Depending upon the location and acreage, you could find a four-bedroom ranch for about $240K or a four-bedroom Colonial for $750,000. While South Setauket has plenty to offer, it might not be ideal for commuters: Manhattan is a 2-1/2 hour train ride away.
  5. New Jersey: Caldwell. Just an hour bus ride to New York, the tiny community of Caldwell is very affordable. You can find a two-story Colonial home for around $325K with more expensive homes going for around $600K. Caldwell also has a very low crime rate, a four-year college, and a historic girls’ academy.
  6. Long Island: Levittown. Why is this Long Island town a perfect place to search for a starter home? For one, homes in Levittown are currently affordable and they’re prices are steadily rising. Secondly, Levittown is where the concept of the starter home was born. Homes in the area were built quickly after World War II for returning soldiers. But the town has expanded much since then. Currently, prices range from $255K for a 4-bedroom Cape Cod to $600K for a 6-bedroom Colonial.
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