Albertson, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Albertson Neighborhoods Since 2000




Albertson, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Albertson Housing Market Information

With 5,241 people, 1,752 houses or apartments, and a median cost of homes of $605,591, Albertson house prices are not only among the most expensive in New York, Albertson 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 Albertson, accounting for 93.70% of the town's housing units. Other types of housing that are prevalent in Albertson include large apartment complexes or high rise apartments ( 3.37%), row houses and other attached homes ( 1.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Albertson. Owner-occupied housing accounts for 94.43% of Albertson's homes, and 78.04% have either three or four bedrooms, which is average sized relative to America.

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. Albertson's housing was primarily built during this period, from the '40s through the '60s. A full 76.90% of the town's housing hails from this era. Other housing ages represented in Albertson include homes built before 1939 ( 11.90%) and housing constructed between 1970-1999 ( 9.46%). There's also some housing in Albertson built between 2000 and later ( 1.74%).

Albertson Home Appreciation Rates

Appreciation rates for homes in Albertson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.24%, which ranks in the top 50% nationwide. This equates to an annual average Albertson house appreciation rate of 0.22%.

NeighborhoodScout's data show that during the latest twelve months, Albertson's appreciation rate, at 3.22%, has been at or slightly above the national average. In the latest quarter, Albertson's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Albertson's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$605,591

Albertson, NY HOME PRICES

Value Range
> $1,149,000 2.9
$862,001 - $1,149,000 9.3
$575,001 - $862,000 40.0
$459,001 - $575,000 28.2
$345,001 - $459,000 14.0
$230,001 - $345,000 2.5
$115,001 - $230,000 0.7
$57,001 - $115,000 0.6
$0 - $57,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.80874252900504 10.662177328844

Number Of Homes And Apartments:
1,752

Albertson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
83.41% 3.58% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,662 / per month

Homeownership Rate

Homeownership
Owners 94.43
Renters 5.57
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Albertson HOMES
2000 or Newer 1.7
1970 - 1999 9.5
1940 - 1969 76.9
1939 or Older 11.9

Types of Homes

TYPE OF Albertson HOMES
Single-Family 93.7
Townhomes 1.8
Small Apt. Buildings 1.1
Apt. Complexes 3.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Albertson HOMES
No Bedroom 0.43
1 Bedroom 2.45
2 Bedrooms 14.40
3 Bedrooms 38.59
4 Bedrooms 39.46
5 or more bedrooms 4.67