East Hampton, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating East Hampton Neighborhoods Since 2000




East Hampton, 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 Q2 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

East Hampton Housing Market Information

With a population of 1,122, 593 total housing units (homes and apartments), and a median house value of $3,036,853, 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 15.97%, which ranks in the top 30% nationwide. This equates to an annual average East Hampton house appreciation rate of 1.49%.

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 7.20%, which is higher than appreciation rates in 77.20% 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 1.04%, which equates to an annual appreciation rate of 4.21%.

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:
$3,036,853

East Hampton, NY HOME PRICES

Value Range
> $1,173,000 75.5
$880,001 - $1,173,000 13.7
$586,001 - $880,000 4.7
$469,001 - $586,000 2.3
$352,001 - $469,000 0.0
$235,001 - $352,000 1.0
$117,001 - $235,000 1.9
$59,001 - $117,000 0.0
$0 - $59,000 0.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.0468411499502313 0.111234705228031

Number Of Homes And Apartments:
593

East Hampton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
139.57% 5.12% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,809 / 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

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Zip Codes in East Hampton, NY