Bohemia, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bohemia Neighborhoods Since 2000




Bohemia, NY Real Estate Data


Bohemia Housing Market Information

With 10,217 people, 3,569 houses or apartments, and a median cost of homes of $361,890, real estate costs in Bohemia 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 Bohemia, accounting for 64.07% of the town's housing units. Other types of housing that are prevalent in Bohemia include large apartment complexes or high rise apartments ( 14.41%), mobile homes or trailers ( 9.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bohemia. Owner-occupied housing accounts for 75.04% of Bohemia's homes, and 56.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bohemia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bohemia built between 1940-1969 ( 34.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.01%). There's also some housing in Bohemia built before 1939 ( 7.27%).

Bohemia Home Appreciation Rates

Bohemia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bohemia during the period has been just -2.04%, which is lower than 80% of US communities.

Over the last year, Bohemia appreciation rates have trailed the rest of the nation. In the last twelve months, Bohemia's appreciation rate has been 1.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bohemia were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Bohemia's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$361,890

Bohemia, NY HOME PRICES

Value Range
> $1,020,000 0.6
$765,001 - $1,020,000 3.0
$510,001 - $765,000 13.1
$408,001 - $510,000 29.0
$306,001 - $408,000 29.9
$203,001 - $306,000 7.2
$102,001 - $203,000 3.9
$51,001 - $102,000 5.7
$0 - $51,000 7.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.7643614217954 27.0482603815937

Number Of Homes And Apartments:
3,569

Rent & Ownership

 

Average Market Rent:
$2,062 / per month

Homeownership Rate

Homeownership
Owners 75.04
Renters 24.96
Vacant 2.41

Housing Market Details

 

Age of Homes

AGE OF Bohemia HOMES
2000 or Newer 8.0
1970 - 1999 50.2
1940 - 1969 34.5
1939 or Older 7.3

Types of Homes

TYPE OF Bohemia HOMES
Single-Family 64.1
Townhomes 3.7
Small Apt. Buildings 8.0
Apt. Complexes 14.4
Mobile Homes 9.8
Other 0.0

Home Size

SIZE OF Bohemia HOMES
No Bedroom 2.90
1 Bedroom 14.71
2 Bedrooms 21.22
3 Bedrooms 31.61
4 Bedrooms 24.64
5 or more bedrooms 4.92

Bohemia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
62.45% 2.90% 6 8
* 10 is highest