Commack, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Commack Neighborhoods Since 2000




Commack, 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

Commack Housing Market Information

With 36,343 people, 11,736 houses or apartments, and a median cost of homes of $504,293, Commack house prices are not only among the most expensive in New York, Commack 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 Commack, accounting for 89.37% of the town's housing units. Other types of housing that are prevalent in Commack include large apartment complexes or high rise apartments ( 4.42%), row houses and other attached homes ( 4.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Commack. Owner-occupied housing accounts for 89.69% of Commack's homes, and 77.63% 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. Commack's housing was primarily built during this period, from the '40s through the '60s. A full 75.21% of the town's housing hails from this era. Other housing ages represented in Commack include homes built between 1970-1999 ( 20.29%) and housing constructed between 2000 and later ( 2.74%). There's also some housing in Commack built before 1939 ( 1.76%).

Commack Home Appreciation Rates

Commack's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Commack during the period has been just -1.12%, which is lower than 70% of US communities.

Over the last year, Commack appreciation rates have trailed the rest of the nation. In the last twelve months, Commack's appreciation rate has been 2.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Commack were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$504,293

Commack, NY HOME PRICES

Value Range
> $1,067,000 1.1
$800,001 - $1,067,000 4.0
$533,001 - $800,000 31.4
$427,001 - $533,000 37.9
$320,001 - $427,000 20.0
$213,001 - $320,000 2.5
$107,001 - $213,000 0.2
$53,001 - $107,000 1.0
$0 - $53,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.81272705965077 16.6105499438833

Number Of Homes And Apartments:
11,736

Commack 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
57.94% 2.68% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,361 / per month

Homeownership Rate

Homeownership
Owners 89.69
Renters 10.31
Vacant 3.10

Housing Market Details

 

Age of Homes

AGE OF Commack HOMES
2000 or Newer 2.7
1970 - 1999 20.3
1940 - 1969 75.2
1939 or Older 1.8

Types of Homes

TYPE OF Commack HOMES
Single-Family 89.4
Townhomes 4.1
Small Apt. Buildings 1.8
Apt. Complexes 4.4
Mobile Homes 0.1
Other 0.2

Home Size

SIZE OF Commack HOMES
No Bedroom 0.69
1 Bedroom 5.79
2 Bedrooms 5.47
3 Bedrooms 42.61
4 Bedrooms 35.02
5 or more bedrooms 10.41