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Greenport, NY Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenport, NY Housing Market Trends

With 2,583 people, 934 houses or apartments, and a median cost of homes of $703,272, 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 62.31% 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 ( 25.46%), large apartment complexes or high rise apartments ( 10.09%), and a few row houses and other attached homes ( 2.14%).

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 ( 66.82%), 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 ( 19.95%), followed by between 1940-1969 ( 9.86%). There's also some housing in Greenport built between 2000 and later ( 3.36%).

Vacant housing appears to be an issue in Greenport. Fully 28.59% 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 105.22% over the last ten years, which is an average annual home appreciation rate of 7.45%, 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.

Over the last year, Greenport appreciation rates have trailed the rest of the nation. In the last twelve months, Greenport's appreciation rate has been 12.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenport were at 0.98%, which equates to an annual appreciation rate of 3.98%.

Notably, Greenport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Greenport's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$703,272

Greenport, NY HOME PRICES

> $1,400,000
$1,050,001 - $1,400,000
$700,001 - $1,050,000
$560,001 - $700,000
$420,001 - $560,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
10.5%
10.5%
11.0%
11.0%
28.6%
28.6%
10.5%
10.5%
21.6%
21.6%
6.8%
6.8%
1.7%
1.7%
2.8%
2.8%
6.6%
6.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
934

Greenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
280.17% 6.12%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,072 / per month

Homeownership Rate

Owners
Renters
Vacant
57.9%
57.9%
42.1%
42.1%
28.6%
28.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.4%
3.4%
20.0%
20.0%
9.9%
9.9%
66.8%
66.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.3%
62.3%
2.1%
2.1%
25.5%
25.5%
10.1%
10.1%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
18.0%
18.0%
31.8%
31.8%
33.0%
33.0%
9.2%
9.2%
6.0%
6.0%
0.0% 100.0%
% OF HOMES