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Bemus Point

Learn about the people, housing, costs and businesses in Bemus Point, New York

Median Home$275,000
Median Rent$860/month
Population303
Leading IndustriesTransportation · Retail · Professional Services6% transportation
Home Value Growth+0.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners89% of occupied units
NotableHigh Incomes$96k/year · top 19% nationally
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Bemus Point
NY

Frequently Asked Questions

What are today's mortgage rates in Bemus Point?

As of today, the 30-year fixed mortgage rate for Bemus Point is approximately 6.976% (7.015% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bemus Point?

The median home value in Bemus Point is $275k. The median monthly rent is $860. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bemus Point?

Home values in Bemus Point have increased 0.0% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bemus Point?

Based on a typical all-in ownership cost of $1,193/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bemus Point is $96k/year.

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What industries drive the economy in Bemus Point?

The largest employment sectors in Bemus Point are public administration (25%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.