Center Moriches, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Center Moriches Neighborhoods Since 2000




Center Moriches, 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

Center Moriches Housing Market Information

With a population of 7,628, 2,670 total housing units (homes and apartments), and a median house value of $411,054, real estate costs in Center Moriches 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 Center Moriches, accounting for 92.09% of the town's housing units. Other types of housing that are prevalent in Center Moriches include large apartment complexes or high rise apartments ( 4.87%), row houses and other attached homes ( 2.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Center Moriches. Owner-occupied housing accounts for 81.44% of Center Moriches's homes, and 69.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Center Moriches 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 Center Moriches built between 1940-1969 ( 29.45%). A lesser amount of the housing stock also hails from before 1939 ( 19.68%). There's also some housing in Center Moriches built between 2000 and later ( 12.34%).

Vacant housing appears to be an issue in Center Moriches. Fully 10.94% of the housing stock is classified as vacant. Left unchecked, vacant Center Moriches homes and apartments can be a drag on the real estate market, holding Center Moriches 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.

Center Moriches Home Appreciation Rates

Center Moriches's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Center Moriches during the period has been just -2.00%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Center Moriches's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, Center Moriches's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Center Moriches's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$411,054

Center Moriches, NY HOME PRICES

Value Range
> $1,066,000 0.4
$799,001 - $1,066,000 6.0
$533,001 - $799,000 16.5
$426,001 - $533,000 19.8
$320,001 - $426,000 32.0
$213,001 - $320,000 17.9
$107,001 - $213,000 3.3
$53,001 - $107,000 0.8
$0 - $53,000 3.1

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
8.9358959334349 23.0078563411897

Number Of Homes And Apartments:
2,670

Center Moriches 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
78.31% 3.41% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,061 / per month

Homeownership Rate

Homeownership
Owners 81.44
Renters 18.56
Vacant 10.94

Housing Market Details

 

Age of Homes

AGE OF Center Moriches HOMES
2000 or Newer 12.3
1970 - 1999 38.5
1940 - 1969 29.5
1939 or Older 19.7

Types of Homes

TYPE OF Center Moriches HOMES
Single-Family 92.1
Townhomes 2.7
Small Apt. Buildings 0.4
Apt. Complexes 4.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Center Moriches HOMES
No Bedroom 0.00
1 Bedroom 7.81
2 Bedrooms 14.58
3 Bedrooms 46.33
4 Bedrooms 23.15
5 or more bedrooms 8.14

Popular Neighborhoods in Center Moriches

Zip Codes in Center Moriches, NY