East Hampton, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Hampton, NY Real Estate Data


East Hampton Housing Market Information

With 1,122 people, 593 houses or apartments, and a median cost of homes of $2,973,944, East Hampton house prices are not only among the most expensive in New York, East Hampton real estate also is some of the most expensive in all of America.

East Hampton is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in East Hampton than is found in 98% of the communities in America.

The large homes that make up East Hampton are primarily owner-occupied ( 74.54%).

The housing in East Hampton was primarily built before 1939 ( 40.91%), making the housing stock in East Hampton some of the oldest overall in America, although there is a range of ages of homes in East Hampton. The next most important housing age is between 1940-1969 ( 31.15%), followed by between 1970-1999 ( 19.15%). There's also some housing in East Hampton built between 2000 and later ( 8.78%).

A decent proportion of the East Hampton housing stock is seasonally occupied. That is, homes and condos in East Hampton are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the East Hampton housing market speaks to its popularity as a vacation location of choice.

East Hampton Home Appreciation Rates

Appreciation rates for homes in East Hampton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.29%, which ranks in the top 30% nationwide. This equates to an annual average East Hampton house appreciation rate of 1.43%.

Appreciation rates are so strong in East Hampton that despite a nationwide downturn in the housing market, East Hampton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Hampton appreciation rates continue to be some of the highest in America, at 10.52%, which is higher than appreciation rates in 94.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Hampton. East Hampton appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Importantly, this makes East Hampton one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that East Hampton's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$2,973,944

East Hampton, NY HOME PRICES

Value Range
> $1,158,000 24.4
$869,001 - $1,158,000 13.7
$579,001 - $869,000 4.7
$463,001 - $579,000 2.3
$347,001 - $463,000 0.0
$232,001 - $347,000 1.0
$116,001 - $232,000 1.9
$58,001 - $116,000 0.0
$0 - $58,000 0.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.0468768311262159 0.112233445566779

Number Of Homes And Apartments:
593

Rent & Ownership

 

Average Market Rent:
$2,658 / per month

Homeownership Rate

Homeownership
Owners 74.54
Renters 25.46
Vacant 69.71

Housing Market Details

 

Age of Homes

AGE OF East Hampton HOMES
2000 or Newer 8.8
1970 - 1999 19.2
1940 - 1969 31.2
1939 or Older 40.9

Types of Homes

TYPE OF East Hampton HOMES
Single-Family 93.9
Townhomes 1.2
Small Apt. Buildings 4.3
Apt. Complexes 0.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF East Hampton HOMES
No Bedroom 1.53
1 Bedroom 4.65
2 Bedrooms 11.29
3 Bedrooms 26.30
4 Bedrooms 26.20
5 or more bedrooms 30.03

East Hampton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
134.27% 5.06% 10 10
* 10 is highest

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Zip Codes in East Hampton, NY