Bethpage, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bethpage Neighborhoods Since 2000




Bethpage, 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

Bethpage Housing Market Information

With a population of 16,677, 5,738 total housing units (homes and apartments), and a median house value of $476,063, Bethpage house prices are not only among the most expensive in New York, Bethpage 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 Bethpage, accounting for 79.91% of the town's housing units. Other types of housing that are prevalent in Bethpage include duplexes, homes converted to apartments or other small apartment buildings ( 10.95%), large apartment complexes or high rise apartments ( 7.10%), and a few row houses and other attached homes ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethpage. Owner-occupied housing accounts for 90.19% of Bethpage's homes, and 67.12% 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. Bethpage's housing was primarily built during this period, from the '40s through the '60s. A full 69.55% of the town's housing hails from this era. Other housing ages represented in Bethpage include homes built between 1970-1999 ( 16.04%) and housing constructed before 1939 ( 8.61%). There's also some housing in Bethpage built between 2000 and later ( 5.79%).

Bethpage Home Appreciation Rates

Real estate appreciation rates in Bethpage's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Bethpage appreciation rates have trailed the rest of the nation. In the last twelve months, Bethpage's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bethpage were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Bethpage's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Bethpage differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bethpage - 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 Bethpage real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$476,063

Bethpage, NY HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 0.4
$554,001 - $831,000 22.8
$443,001 - $554,000 31.2
$332,001 - $443,000 27.8
$221,001 - $332,000 4.4
$111,001 - $221,000 8.8
$55,001 - $111,000 1.9
$0 - $55,000 2.6

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.58033516934255 18.5185185185185

Number Of Homes And Apartments:
5,738

Bethpage 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
69.91% 3.12% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,302 / per month

Homeownership Rate

Homeownership
Owners 90.19
Renters 9.81
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Bethpage HOMES
2000 or Newer 5.8
1970 - 1999 16.0
1940 - 1969 69.6
1939 or Older 8.6

Types of Homes

TYPE OF Bethpage HOMES
Single-Family 79.9
Townhomes 2.0
Small Apt. Buildings 10.9
Apt. Complexes 7.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bethpage HOMES
No Bedroom 1.27
1 Bedroom 5.90
2 Bedrooms 18.08
3 Bedrooms 41.08
4 Bedrooms 26.04
5 or more bedrooms 7.63