Manhasset appreciation rates and housing market information
Manhasset housing market information
With 8,080 people, 2,790 houses or apartments, and a median cost of homes of $813,677, Manhasset house prices are not only among the most expensive in New York, Manhasset real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Manhasset, accounting for 78.93% of the town's housing units. Other types of housing that are prevalent in Manhasset include large apartment complexes or high rise apartments (9.60%), row houses and other attached homes (7.14%), and a few duplexes, homes converted to apartments or other small apartment buildings (4.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhasset. Owner-occupied housing accounts for 70.60% of Manhasset's homes, and 72.47% have either three or four bedrooms, which is average sized relative to America.
The housing in Manhasset was primarily built before 1939 (44.37%), making the housing stock in Manhasset some of the oldest overall in America, although there is a range of ages of homes in Manhasset. The next most important housing age is between 1940-1969 (41.02%), followed by between 1970-1999 (14.00%).
Manhasset home appreciation rates
Appreciation rates for homes in Manhasset have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.41%, which ranks in the top 40% nationwide. This equates to an annual average Manhasset house appreciation rate of 2.21%.
NeighborhoodScout's data show that during the latest twelve months, Manhasset's appreciation rate, at 4.19%, has been at or slightly above the national average. In the latest quarter, Manhasset's appreciation rate has been 1.22%, which annualizes to a rate of 4.97%.
Relative to New York, our data show that Manhasset's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.