Staten Island appreciation rates and housing market information

Staten Island housing market information

With a population of 443,728, 163,993 total housing units (homes and apartments), and a median house value of $500,766, Staten Island house prices are not only among the most expensive in New York, Staten Island 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 Staten Island, accounting for 33.78% of the borough's housing units. Other types of housing that are prevalent in Staten Island include duplexes, homes converted to apartments, or other small apartment buildings (28.01%), row houses and other attached homes (24.19%), and a few large apartment complexes or high rise apartments (13.81%).

The most prevalent building size and type in Staten Island are three and four bedroom single-family detached homes. The borough has a mixture of owners and renters, with 60.81% owning, and 34.52% renting.

There is a lot of housing in Staten Island built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Staten Island built from 1940-1969 (31.86%). A lesser amount of the housing stock also hails from 1939 and earlier (19.77%), and some were built from 1995 and later (19.77%).

Staten Island home appreciation rates

In the last 10 years, Staten Island has experienced some of the highest home appreciation rates of any community in the nation. Staten Island real estate appreciated 113.80% over the last ten years, which is an average annual home appreciation rate of 11.38%, putting Staten Island in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Staten Island 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, Staten Island appreciation rates have trailed the rest of the nation. In the last twelve months, Staten Island's appreciation rate has been -6.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Staten Island were at -1.24%, which equates to an annual appreciation rate of -4.96%.

Notably, Staten Island's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Staten Island's latest annual appreciation rate is higher than 25% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Staten Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Staten Island - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Staten Island real estate investment or home purchase decisions.