Bellport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bellport Neighborhoods Since 2000




Bellport, 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

Bellport Housing Market Information

With a population of 2,078, 948 total housing units (homes and apartments), and a median house value of $564,754, Bellport house prices are not only among the most expensive in New York, Bellport 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 Bellport, accounting for 96.72% of the village's housing units. Other types of housing that are prevalent in Bellport include duplexes, homes converted to apartments or other small apartment buildings ( 1.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellport. Owner-occupied housing accounts for 85.13% of Bellport's homes, and 70.38% 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. Bellport's housing was primarily built during this period, from the '40s through the '60s. A full 46.29% of the village's housing hails from this era. Other housing ages represented in Bellport include homes built before 1939 ( 25.82%) and housing constructed between 1970-1999 ( 25.56%). There's also some housing in Bellport built between 2000 and later ( 2.33%).

Vacant housing appears to be an issue in Bellport. Fully 18.13% of the housing stock is classified as vacant. Left unchecked, vacant Bellport homes and apartments can be a drag on the real estate market, holding Bellport 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.

Bellport Home Appreciation Rates

Bellport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bellport during the period has been just -0.95%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bellport that despite a nationwide downturn in the housing market, Bellport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellport appreciation rates continue to be some of the highest in America, at 9.53%, which is higher than appreciation rates in 92.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellport. Bellport 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 Bellport's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$564,754

Bellport, NY HOME PRICES

Value Range
> $1,176,000 8.9
$882,001 - $1,176,000 7.1
$588,001 - $882,000 18.9
$470,001 - $588,000 17.9
$353,001 - $470,000 32.3
$235,001 - $353,000 9.6
$118,001 - $235,000 1.3
$59,001 - $118,000 0.7
$0 - $59,000 3.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.40642212586429 12.9068462401796

Number Of Homes And Apartments:
948

Bellport 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
83.53% 3.58% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,611 / per month

Homeownership Rate

Homeownership
Owners 85.13
Renters 14.87
Vacant 18.13

Housing Market Details

 

Age of Homes

AGE OF Bellport HOMES
2000 or Newer 2.3
1970 - 1999 25.6
1940 - 1969 46.3
1939 or Older 25.8

Types of Homes

TYPE OF Bellport HOMES
Single-Family 96.7
Townhomes 0.7
Small Apt. Buildings 1.8
Apt. Complexes 0.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bellport HOMES
No Bedroom 0.00
1 Bedroom 3.20
2 Bedrooms 16.67
3 Bedrooms 46.46
4 Bedrooms 23.92
5 or more bedrooms 9.76