Greenport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Greenport Neighborhoods Since 2000




Greenport, 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

Greenport Housing Market Information

With 2,212 people, 858 houses or apartments, and a median cost of homes of $648,456, Greenport house prices are not only among the most expensive in New York, Greenport 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 Greenport, accounting for 53.21% of the village's housing units. Other types of housing that are prevalent in Greenport include duplexes, homes converted to apartments or other small apartment buildings ( 35.15%), large apartment complexes or high rise apartments ( 7.65%), and a few row houses and other attached homes ( 3.99%).

People in Greenport primarily live in small (one, two or no bedroom) single-family detached homes. Greenport has a mixture of owner-occupied and renter-occupied housing.

The housing in Greenport was primarily built before 1939 ( 70.22%), making the housing stock in Greenport some of the oldest overall in America, although there is a range of ages of homes in Greenport. The next most important housing age is between 1970-1999 ( 13.75%), followed by between 1940-1969 ( 9.85%). There's also some housing in Greenport built between 2000 and later ( 6.18%).

Vacant housing appears to be an issue in Greenport. Fully 30.19% of the housing stock is classified as vacant. Left unchecked, vacant Greenport homes and apartments can be a drag on the real estate market, holding Greenport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greenport Home Appreciation Rates

In the last 10 years, Greenport has experienced some of the highest home appreciation rates of any community in the nation. Greenport real estate appreciated 23.37% over the last ten years, which is an average annual home appreciation rate of 2.12%, putting Greenport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Greenport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Greenport that despite a nationwide downturn in the housing market, Greenport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenport appreciation rates continue to be some of the highest in America, at 5.86%, which is higher than appreciation rates in 72.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenport. Greenport appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Greenport's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$648,456

Greenport, NY HOME PRICES

Value Range
> $1,255,000 3.4
$941,001 - $1,255,000 13.4
$628,001 - $941,000 27.5
$502,001 - $628,000 22.9
$377,001 - $502,000 20.5
$251,001 - $377,000 6.2
$126,001 - $251,000 4.4
$63,001 - $126,000 0.0
$0 - $63,000 1.6

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.18762451658268 9.20314253647587

Number Of Homes And Apartments:
858

Greenport 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
130.97% 4.97% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,924 / per month

Homeownership Rate

Homeownership
Owners 47.54
Renters 52.46
Vacant 30.19

Housing Market Details

 

Age of Homes

AGE OF Greenport HOMES
2000 or Newer 6.2
1970 - 1999 13.8
1940 - 1969 9.8
1939 or Older 70.2

Types of Homes

TYPE OF Greenport HOMES
Single-Family 53.2
Townhomes 4.0
Small Apt. Buildings 35.2
Apt. Complexes 7.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Greenport HOMES
No Bedroom 3.42
1 Bedroom 15.30
2 Bedrooms 38.08
3 Bedrooms 29.29
4 Bedrooms 11.15
5 or more bedrooms 2.77

Popular Neighborhoods in Greenport

Zip Codes in Greenport, NY