East Meadow, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating East Meadow Neighborhoods Since 2000




East Meadow, 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 Meadow Housing Market Information

With a population of 38,663, 12,318 total housing units (homes and apartments), and a median house value of $445,031, 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 78.25% of the town's housing units. Other types of housing that are prevalent in East Meadow include large apartment complexes or high rise apartments ( 10.86%), duplexes, homes converted to apartments or other small apartment buildings ( 8.05%), and a few row houses and other attached homes ( 2.58%).

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 81.89% of East Meadow's homes, and 69.84% 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 71.06% of the town's housing hails from this era. Other housing ages represented in East Meadow include homes built between 1970-1999 ( 17.03%) and housing constructed before 1939 ( 6.48%). There's also some housing in East Meadow built between 2000 and later ( 5.43%).

East Meadow Home Appreciation Rates

Real estate appreciation rates in East Meadow's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

NeighborhoodScout's data show that during the latest twelve months, East Meadow's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, East Meadow's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that East Meadow's latest annual appreciation rate is higher than 70% 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:
$445,031

East Meadow, NY HOME PRICES

Value Range
> $1,147,000 1.5
$861,001 - $1,147,000 0.6
$574,001 - $861,000 10.4
$459,001 - $574,000 31.1
$344,001 - $459,000 37.7
$229,001 - $344,000 7.5
$115,001 - $229,000 8.1
$57,001 - $115,000 0.8
$0 - $57,000 2.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.57060822688386 20.5387205387205

Number Of Homes And Apartments:
12,318

East Meadow 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
70.99% 3.16% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,881 / per month

Homeownership Rate

Homeownership
Owners 81.89
Renters 18.11
Vacant 4.04

Housing Market Details

 

Age of Homes

AGE OF East Meadow HOMES
2000 or Newer 5.4
1970 - 1999 17.0
1940 - 1969 71.1
1939 or Older 6.5

Types of Homes

TYPE OF East Meadow HOMES
Single-Family 78.3
Townhomes 2.6
Small Apt. Buildings 8.0
Apt. Complexes 10.9
Mobile Homes 0.1
Other 0.2

Home Size

SIZE OF East Meadow HOMES
No Bedroom 0.43
1 Bedroom 6.89
2 Bedrooms 16.26
3 Bedrooms 44.25
4 Bedrooms 25.58
5 or more bedrooms 6.58