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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 9,486, 3,400 total housing units (homes and apartments), and a median house value of $384,118, real estate costs in Amityville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Amityville, accounting for 68.59% of the village's housing units. Other types of housing that are prevalent in Amityville include duplexes, homes converted to apartments or other small apartment buildings ( 15.35%), row houses and other attached homes ( 9.37%), and a few large apartment complexes or high rise apartments ( 6.21%).
The most prevalent building size and type in Amityville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 59.74% owning and 40.26% renting.
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. Amityville's housing was primarily built during this period, from the '40s through the '60s. A full 41.31% of the village's housing hails from this era. Other housing ages represented in Amityville include homes built before 1939 ( 29.06%) and housing constructed between 1970-1999 ( 21.83%). There's also some housing in Amityville built between 2000 and later ( 7.81%).
Vacant housing appears to be an issue in Amityville. Fully 11.23% of the housing stock is classified as vacant. Left unchecked, vacant Amityville homes and apartments can be a drag on the real estate market, holding Amityville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Amityville over the last then years, as home values have seen a decline of 19.47% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Amityville home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.
Appreciation rates are so strong in Amityville that despite a nationwide downturn in the housing market, Amityville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amityville appreciation rates continue to be some of the highest in America, at 10.21%, which is higher than appreciation rates in 94.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amityville. Amityville appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.
Relative to New York, our data show that Amityville's latest annual appreciation rate is higher than 90% 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 village. Individual neighborhoods within Amityville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Amityville - 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 2000, to assist you in making the best Amityville real estate investment or home purchase decisions.
|$850,001 - $1,134,000||3.1|
|$567,001 - $850,000||19.1|
|$453,001 - $567,000||14.2|
|$340,001 - $453,000||32.0|
|$227,001 - $340,000||22.3|
|$113,001 - $227,000||7.3|
|$57,001 - $113,000||0.0|
|$0 - $57,000||1.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Amityville HOMES|
|2000 or Newer||7.8|
|1970 - 1999||21.8|
|1940 - 1969||41.3|
|1939 or Older||29.1|
|TYPE OF Amityville HOMES|
|Small Apt. Buildings||15.4|
|SIZE OF Amityville HOMES|
|5 or more bedrooms||8.17|