Hampton Bays, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hampton Bays Neighborhoods Since 2000




Hampton Bays, 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

Hampton Bays Housing Market Information

With 13,896 people, 4,935 houses or apartments, and a median cost of homes of $510,259, Hampton Bays house prices are not only among the most expensive in New York, Hampton Bays 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 Hampton Bays, accounting for 82.20% of the town's housing units. Other types of housing that are prevalent in Hampton Bays include large apartment complexes or high rise apartments ( 11.49%), duplexes, homes converted to apartments or other small apartment buildings ( 5.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hampton Bays. Owner-occupied housing accounts for 71.26% of Hampton Bays's homes, and 55.46% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hampton Bays 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 Hampton Bays built between 1940-1969 ( 35.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.31%). There's also some housing in Hampton Bays built before 1939 ( 7.85%).

A decent proportion of the Hampton Bays housing stock is seasonally occupied. That is, homes and condos in Hampton Bays are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hampton Bays housing market speaks to its popularity as a vacation location of choice.

Hampton Bays Home Appreciation Rates

Hampton Bays's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hampton Bays during the period has been just -0.90%, which is lower than 70% of US communities.

Appreciation rates are so strong in Hampton Bays that despite a nationwide downturn in the housing market, Hampton Bays real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hampton Bays appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 71.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hampton Bays. Hampton Bays 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 Hampton Bays's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$510,259

Hampton Bays, NY HOME PRICES

Value Range
> $1,166,000 7.2
$875,001 - $1,166,000 7.5
$583,001 - $875,000 22.6
$467,001 - $583,000 21.7
$350,001 - $467,000 27.1
$233,001 - $350,000 7.0
$117,001 - $233,000 2.6
$59,001 - $117,000 1.7
$0 - $59,000 2.6

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.68967537794445 16.2738496071829

Number Of Homes And Apartments:
4,935

Hampton Bays 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
99.88% 4.10% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,385 / per month

Homeownership Rate

Homeownership
Owners 71.26
Renters 28.74
Vacant 39.09

Housing Market Details

 

Age of Homes

AGE OF Hampton Bays HOMES
2000 or Newer 10.3
1970 - 1999 46.5
1940 - 1969 35.4
1939 or Older 7.8

Types of Homes

TYPE OF Hampton Bays HOMES
Single-Family 82.2
Townhomes 0.8
Small Apt. Buildings 5.1
Apt. Complexes 11.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Hampton Bays HOMES
No Bedroom 2.09
1 Bedroom 10.92
2 Bedrooms 25.08
3 Bedrooms 40.42
4 Bedrooms 15.03
5 or more bedrooms 6.46