East Meadow, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Meadow, NY Real Estate Data


East Meadow Housing Market Information

With a population of 38,663, 12,386 total housing units (homes and apartments), and a median house value of $431,068, real estate costs in East Meadow 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 Meadow, accounting for 78.17% of the town's housing units. Other types of housing that are prevalent in East Meadow include large apartment complexes or high rise apartments ( 11.17%), duplexes, homes converted to apartments or other small apartment buildings ( 7.67%), and a few row houses and other attached homes ( 2.86%).

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 Meadow. Owner-occupied housing accounts for 81.84% of East Meadow's homes, and 70.12% 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 Meadow's housing was primarily built during this period, from the '40s through the '60s. A full 70.62% of the town's housing hails from this era. Other housing ages represented in East Meadow include homes built between 1970-1999 ( 17.63%) and housing constructed before 1939 ( 6.23%). There's also some housing in East Meadow built between 2000 and later ( 5.53%).

East Meadow Home Appreciation Rates

East Meadow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Meadow during the period has been just -0.80%, which is lower than 70% of US communities.

Over the last year, East Meadow appreciation rates have trailed the rest of the nation. In the last twelve months, East Meadow's appreciation rate has been 4.05%, 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 Meadow were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that East Meadow's latest annual appreciation rate is higher than 60% 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 East Meadow differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Meadow - 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 East Meadow real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$431,068

East Meadow, NY HOME PRICES

Value Range
> $1,143,000 1.5
$858,001 - $1,143,000 0.7
$572,001 - $858,000 11.8
$458,001 - $572,000 32.0
$343,001 - $458,000 36.2
$228,001 - $343,000 6.5
$114,001 - $228,000 8.0
$57,001 - $114,000 0.6
$0 - $57,000 2.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
8.29185454119576 21.5488215488216

Number Of Homes And Apartments:
12,386

Rent & Ownership

 

Average Market Rent:
$2,005 / per month

Homeownership Rate

Homeownership
Owners 81.84
Renters 18.16
Vacant 3.33

Housing Market Details

 

Age of Homes

AGE OF East Meadow HOMES
2000 or Newer 5.5
1970 - 1999 17.6
1940 - 1969 70.6
1939 or Older 6.2

Types of Homes

TYPE OF East Meadow HOMES
Single-Family 78.2
Townhomes 2.9
Small Apt. Buildings 7.7
Apt. Complexes 11.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF East Meadow HOMES
No Bedroom 0.39
1 Bedroom 7.42
2 Bedrooms 15.77
3 Bedrooms 44.63
4 Bedrooms 25.48
5 or more bedrooms 6.31

East Meadow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
68.42% 3.11% 7 8
* 10 is highest