Farmingville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Farmingville Neighborhoods Since 2000




Farmingville, 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

Farmingville Housing Market Information

With 15,579 people, 4,721 houses or apartments, and a median cost of homes of $354,353, real estate costs in Farmingville 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 Farmingville, accounting for 94.43% of the town's housing units. Other types of housing that are prevalent in Farmingville include large apartment complexes or high rise apartments ( 2.66%), duplexes, homes converted to apartments or other small apartment buildings ( 2.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Farmingville. Owner-occupied housing accounts for 87.23% of Farmingville's homes, and 73.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Farmingville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Farmingville built between 1940-1969 ( 42.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.33%). There's also some housing in Farmingville built before 1939 ( 3.69%).

Farmingville Home Appreciation Rates

Farmingville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Farmingville during the period has been just -1.88%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Farmingville's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Farmingville's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$354,353

Farmingville, NY HOME PRICES

Value Range
> $1,078,000 0.5
$808,001 - $1,078,000 0.3
$539,001 - $808,000 2.3
$431,001 - $539,000 15.7
$323,001 - $431,000 45.5
$216,001 - $323,000 26.5
$108,001 - $216,000 4.9
$54,001 - $108,000 0.0
$0 - $54,000 4.3

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.8920660963319 28.0583613916947

Number Of Homes And Apartments:
4,721

Farmingville 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
61.12% 2.80% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,869 / per month

Homeownership Rate

Homeownership
Owners 87.23
Renters 12.77
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Farmingville HOMES
2000 or Newer 5.3
1970 - 1999 48.6
1940 - 1969 42.4
1939 or Older 3.7

Types of Homes

TYPE OF Farmingville HOMES
Single-Family 94.4
Townhomes 0.7
Small Apt. Buildings 2.2
Apt. Complexes 2.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Farmingville HOMES
No Bedroom 0.00
1 Bedroom 2.81
2 Bedrooms 12.67
3 Bedrooms 46.68
4 Bedrooms 27.04
5 or more bedrooms 10.80