Babylon, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Babylon Neighborhoods Since 2000




Babylon, 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

Babylon Housing Market Information

With 12,161 people, 4,434 houses or apartments, and a median cost of homes of $467,544, Babylon house prices are not only among the most expensive in New York, Babylon 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 Babylon, accounting for 77.40% of the village's housing units. Other types of housing that are prevalent in Babylon include large apartment complexes or high rise apartments ( 10.67%), duplexes, homes converted to apartments or other small apartment buildings ( 7.42%), and a few row houses and other attached homes ( 4.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Babylon. Owner-occupied housing accounts for 74.87% of Babylon's homes, and 59.40% 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. Babylon's housing was primarily built during this period, from the '40s through the '60s. A full 48.32% of the village's housing hails from this era. Other housing ages represented in Babylon include homes built before 1939 ( 28.71%) and housing constructed between 1970-1999 ( 16.46%). There's also some housing in Babylon built between 2000 and later ( 6.50%).

Babylon Home Appreciation Rates

Babylon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Babylon during the period has been just -0.99%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Babylon's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, Babylon's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Babylon's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$467,544

Babylon, NY HOME PRICES

Value Range
> $1,086,000 3.9
$815,001 - $1,086,000 3.5
$543,001 - $815,000 23.2
$434,001 - $543,000 28.4
$326,001 - $434,000 30.3
$218,001 - $326,000 8.6
$109,001 - $218,000 0.4
$54,001 - $109,000 0.2
$0 - $54,000 1.6

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.82643853275519 19.0796857463524

Number Of Homes And Apartments:
4,434

Babylon 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
75.09% 3.30% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,191 / per month

Homeownership Rate

Homeownership
Owners 74.87
Renters 25.13
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Babylon HOMES
2000 or Newer 6.5
1970 - 1999 16.5
1940 - 1969 48.3
1939 or Older 28.7

Types of Homes

TYPE OF Babylon HOMES
Single-Family 77.4
Townhomes 4.3
Small Apt. Buildings 7.4
Apt. Complexes 10.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Babylon HOMES
No Bedroom 3.96
1 Bedroom 11.87
2 Bedrooms 17.94
3 Bedrooms 36.54
4 Bedrooms 22.86
5 or more bedrooms 6.84