East Rockaway, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating East Rockaway Neighborhoods Since 2000




East Rockaway, 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 Rockaway Housing Market Information

With 9,894 people, 3,659 houses or apartments, and a median cost of homes of $483,584, East Rockaway house prices are not only among the most expensive in New York, East Rockaway real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in East Rockaway, accounting for 62.15% of the village's housing units. Other types of housing that are prevalent in East Rockaway include large apartment complexes or high rise apartments ( 18.88%), duplexes, homes converted to apartments or other small apartment buildings ( 17.18%), and a few row houses and other attached homes ( 1.39%).

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 Rockaway. Owner-occupied housing accounts for 77.27% of East Rockaway's homes, and 53.76% 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 Rockaway's housing was primarily built during this period, from the '40s through the '60s. A full 45.96% of the village's housing hails from this era. Other housing ages represented in East Rockaway include homes built before 1939 ( 44.72%) and housing constructed between 1970-1999 ( 6.20%). There's also some housing in East Rockaway built between 2000 and later ( 3.13%).

East Rockaway Home Appreciation Rates

East Rockaway's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Rockaway during the period has been just -1.23%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, East Rockaway's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, East Rockaway's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$483,584

East Rockaway, NY HOME PRICES

Value Range
> $1,107,000 1.3
$830,001 - $1,107,000 1.8
$553,001 - $830,000 25.9
$443,001 - $553,000 29.8
$332,001 - $443,000 18.6
$221,001 - $332,000 7.6
$111,001 - $221,000 7.9
$55,001 - $111,000 5.2
$0 - $55,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.35767022149303 18.1818181818182

Number Of Homes And Apartments:
3,659

East Rockaway 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
65.29% 2.96% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,272 / per month

Homeownership Rate

Homeownership
Owners 77.27
Renters 22.73
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF East Rockaway HOMES
2000 or Newer 3.1
1970 - 1999 6.2
1940 - 1969 46.0
1939 or Older 44.7

Types of Homes

TYPE OF East Rockaway HOMES
Single-Family 62.2
Townhomes 1.4
Small Apt. Buildings 17.2
Apt. Complexes 18.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF East Rockaway HOMES
No Bedroom 8.09
1 Bedroom 10.72
2 Bedrooms 19.66
3 Bedrooms 34.33
4 Bedrooms 19.43
5 or more bedrooms 7.78