Southampton appreciation rates and housing market information

Southampton housing market information

With a population of 3,965, 2,935 total housing units (homes and apartments), and a median house value of $898,354, Southampton house prices are not only among the most expensive in New York, Southampton 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 Southampton, accounting for 81.40% of the village's housing units. Other types of housing that are prevalent in Southampton include duplexes, homes converted to apartments, or other small apartment buildings (8.65%), row houses and other attached homes (7.16%), and a few large apartment complexes or high rise apartments (2.66%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Southampton. Owner-occupied housing accounts for 40.85% of Southampton's homes, and 56.05% have either three or four bedrooms, which is average sized relative to America.

The housing in Southampton was primarily built before 1939 (39.87%), making the housing stock in Southampton some of the older overall in America, although there is a range of ages of homes in Southampton. The next most important Southampton housing age is 1970-1994 (31.24%), followed by 1940-1969 (25.38%). There's also some housing in Southampton built between 1995 and later (3.51%).

A decent proportion of the Southampton housing stock is seasonally occupied. That is, homes and condos in Southampton are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Southampton housing market speaks to its popularity as a vacation location of choice.

Southampton home appreciation rates

In the last 10 years, Southampton has experienced some of the highest home appreciation rates of any community in the nation. Southampton real estate appreciated 170.30% over the last ten years, which is an average annual home appreciation rate of 17.03%, putting Southampton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Southampton 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, Southampton appreciation rates have trailed the rest of the nation. In the last twelve months, Southampton's appreciation rate has been -2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Southampton were at 1.15%, which equates to an annual appreciation rate of 4.60%.

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