Glen Head appreciation rates and housing market information

Glen Head housing market information

With 12,061 people, 5,026 houses or apartments, and a median cost of homes of $1,680,579, Glen Head house prices are not only among the most expensive in New York, Glen Head real estate also is some of the most expensive in all of America.

Glen Head is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Glen Head than is found in 98.91% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (87.27%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glen Head's housing was primarily built during this period, from the '40s through the '60s. A full 46.00% of the town's housing hails from this era. Other housing ages represented in Glen Head include homes built between 1970-1994 (32.07%), and housing constructed from 1939 and earlier (17.41%). There's also some housing in Glen Head built between 1995 and later (4.52%).

Glen Head home appreciation rates

In the last 10 years, Glen Head has experienced some of the highest home appreciation rates of any community in the nation. Glen Head real estate appreciated 174.54% over the last ten years, which is an average annual home appreciation rate of 17.45%, putting Glen Head in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glen Head definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Glen Head appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Head's appreciation rate has been -1.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Head were at 1.26%, which equates to an annual appreciation rate of 5.04%.

Relative to New York, our data show that Glen Head's latest annual appreciation rate is higher than 38% of the other cities and towns in New York.