East Islip, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Islip, 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

East Islip Housing Market Information

With a population of 14,528, 4,377 total housing units (homes and apartments), and a median house value of $451,313, real estate costs in East Islip 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 East Islip, accounting for 79.90% of the town's housing units. Other types of housing that are prevalent in East Islip include duplexes, homes converted to apartments or other small apartment buildings ( 10.09%), large apartment complexes or high rise apartments ( 6.45%), and a few row houses and other attached homes ( 2.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Islip. Owner-occupied housing accounts for 88.92% of East Islip's homes, and 69.07% 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. East Islip's housing was primarily built during this period, from the '40s through the '60s. A full 60.40% of the town's housing hails from this era. Other housing ages represented in East Islip include homes built between 1970-1999 ( 22.33%) and housing constructed before 1939 ( 15.65%). There's also some housing in East Islip built between 2000 and later ( 1.62%).

East Islip Home Appreciation Rates

East Islip's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Islip during the period has been just -1.48%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, East Islip's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, East Islip's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$451,313

East Islip, NY HOME PRICES

Value Range
> $1,058,000 5.3
$794,001 - $1,058,000 3.9
$529,001 - $794,000 14.3
$424,001 - $529,000 26.2
$317,001 - $424,000 35.4
$212,001 - $317,000 7.6
$106,001 - $212,000 5.6
$53,001 - $106,000 0.0
$0 - $53,000 1.6

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.35380288292511 20.314253647587

Number Of Homes And Apartments:
4,377

East Islip 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
64.50% 2.93% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,185 / per month

Homeownership Rate

Homeownership
Owners 88.92
Renters 11.08
Vacant 6.81

Housing Market Details

 

Age of Homes

AGE OF East Islip HOMES
2000 or Newer 1.6
1970 - 1999 22.3
1940 - 1969 60.4
1939 or Older 15.6

Types of Homes

TYPE OF East Islip HOMES
Single-Family 79.9
Townhomes 2.8
Small Apt. Buildings 10.1
Apt. Complexes 6.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF East Islip HOMES
No Bedroom 2.04
1 Bedroom 3.04
2 Bedrooms 17.78
3 Bedrooms 41.73
4 Bedrooms 27.34
5 or more bedrooms 8.07

Popular Neighborhoods in East Islip

Zip Codes in East Islip, NY