Glen Cove, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glen Cove Neighborhoods Since 2000




Glen Cove, 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

Glen Cove Housing Market Information

With a population of 27,400, 9,513 total housing units (homes and apartments), and a median house value of $533,721, Glen Cove house prices are not only among the most expensive in New York, Glen Cove 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 Glen Cove, accounting for 50.24% of the city's housing units. Other types of housing that are prevalent in Glen Cove include duplexes, homes converted to apartments or other small apartment buildings ( 26.54%), large apartment complexes or high rise apartments ( 16.99%), and a few row houses and other attached homes ( 5.26%).

The most prevalent building size and type in Glen Cove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.90% owning and 50.10% renting.

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. Glen Cove's housing was primarily built during this period, from the '40s through the '60s. A full 50.22% of the city's housing hails from this era. Other housing ages represented in Glen Cove include homes built between 1970-1999 ( 22.09%) and housing constructed before 1939 ( 19.80%). There's also some housing in Glen Cove built between 2000 and later ( 7.88%).

Glen Cove Home Appreciation Rates

Real estate appreciation rates in Glen Cove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glen Cove's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Glen Cove's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Glen Cove's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Glen Cove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Cove - 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 Glen Cove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$533,721

Glen Cove, NY HOME PRICES

Value Range
> $1,127,000 7.6
$846,001 - $1,127,000 5.4
$564,001 - $846,000 26.4
$451,001 - $564,000 23.0
$338,001 - $451,000 22.8
$225,001 - $338,000 7.5
$113,001 - $225,000 4.9
$56,001 - $113,000 0.4
$0 - $56,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.07441696941287 14.2536475869809

Number Of Homes And Apartments:
9,513

Glen Cove 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
61.38% 2.81% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,412 / per month

Homeownership Rate

Homeownership
Owners 49.90
Renters 50.10
Vacant 5.28

Housing Market Details

 

Age of Homes

AGE OF Glen Cove HOMES
2000 or Newer 7.9
1970 - 1999 22.1
1940 - 1969 50.2
1939 or Older 19.8

Types of Homes

TYPE OF Glen Cove HOMES
Single-Family 50.2
Townhomes 5.3
Small Apt. Buildings 26.5
Apt. Complexes 17.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Glen Cove HOMES
No Bedroom 3.19
1 Bedroom 16.67
2 Bedrooms 22.02
3 Bedrooms 31.30
4 Bedrooms 18.80
5 or more bedrooms 8.04