East Hills NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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East Hills, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

East Hills Housing Market Information

With a population of 7,189, 2,348 total housing units (homes and apartments), and a median house value of $1,157,997, East Hills house prices are not only among the most expensive in New York, East Hills real estate also is some of the most expensive in all of America.

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

The large homes that make up East Hills are primarily owner-occupied ( 99.31%).

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. East Hills's housing was primarily built during this period, from the '40s through the '60s. A full 78.52% of the village's housing hails from this era. Other housing ages represented in East Hills include homes built between 1970-1999 ( 9.01%) and housing constructed before 1939 ( 8.85%). There's also some housing in East Hills built between 2000 and later ( 3.62%).

East Hills Home Appreciation Rates

Appreciation rates for homes in East Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 37.29%, which ranks in the top 40% nationwide. This equates to an annual average East Hills house appreciation rate of 3.22%.

Over the last year, East Hills appreciation rates have trailed the rest of the nation. In the last twelve months, East Hills's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Hills were at 1.04%, which equates to an annual appreciation rate of 4.22%.

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

Average Home Values

 

Median Home Value:
$1,157,997

East Hills, NY HOME PRICES

Value Range
> $1,117,000 46.0
$838,001 - $1,117,000 29.9
$559,001 - $838,000 14.3
$447,001 - $559,000 3.7
$335,001 - $447,000 2.5
$223,001 - $335,000 0.0
$112,001 - $223,000 1.0
$56,001 - $112,000 1.5
$0 - $56,000 1.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.846715328467153 2.88888888888889

Number Of Homes And Apartments:
2,348

East Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
100.89% 3.50%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,956 / per month

Homeownership Rate

Homeownership
Owners 99.31
Renters 0.69
Vacant 3.37

Housing Market Details

 

Age of Homes

AGE OF East Hills HOMES
2000 or Newer 3.6
1970 - 1999 9.0
1940 - 1969 78.5
1939 or Older 8.8

Types of Homes

TYPE OF East Hills HOMES
Single-Family 99.5
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF East Hills HOMES
No Bedroom 0.00
1 Bedroom 0.21
2 Bedrooms 1.98
3 Bedrooms 22.22
4 Bedrooms 47.86
5 or more bedrooms 27.74