Much like its nearby areas, it's substantially more expensive compared to the US as a whole. However it's substantially less expensive compared to the city of New York.
Home prices
The median home in Islip Terrace is valued at $359,300. This is about $12,440 (3%) lower compared to other places in this area.Compared to the country as a whole it is about $141,800 (65%) higher, and it is about $246,700 (40%) lower compared to the city of New York.
Rents
Islip Terrace's median monthly rent is $2,412. Compared to its nearby areas it is about $641 (36%) higher.Compared to the US as a whole it is roughly $1,350 (127%) higher, and compared to the city of New York it is approximately $969 (67%) higher.
Nearby places
North Great River
North Great River is Islip Terrace's neighbor to the northeast. Housing prices there are similar. The median home cost in North Great River is $364,400, which is $5,100 (1%) higher than Islip Terrace. Rent there is a bit less expensive. In North Great River the median rent is $2,167 a month, which comes out to $245 (11%) lower than Islip Terrace.
East Islip
East Islip is Islip Terrace's neighbor to the south. The housing prices there are somewhat more expensive. East Islip's median home cost is $416,000, which comes out to $56,700 (13%) higher than Islip Terrace. Rents there are a little less expensive. The median monthly rent in East Islip is $1,914, which is $498 (26%) lower than Islip Terrace.
Islip
Islip is Islip Terrace's neighbor to the southwest. The real estate prices there are a bit more expensive. The median home value in Islip is $378,600, which is $19,300 (5%) higher than Islip Terrace. Rents there are a lot less expensive. In Islip the median rent is $1,620 a month, which comes out to $792 (48%) lower than Islip Terrace.
Central Islip
Central Islip is Islip Terrace's neighbor to the north. Its housing prices are somewhat less expensive. The cost of the median home in Central Islip is $275,800, which is $83,500 (30%) lower than Islip Terrace. The rent there is significantly less expensive. In Central Islip the median monthly rent is $1,690, which works out to $722 (42%) lower than Islip Terrace.
Oakdale
Oakdale is about 2 miles east of Islip Terrace. Housing prices there are somewhat more expensive. Oakdale's median home cost is $423,900, which works out to $64,600 (15%) higher than Islip Terrace. The rent there is a lot less expensive. In Oakdale the median monthly rent is $1,466, which works out to $946 (64%) lower than Islip Terrace.
