Hauppauge, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hauppauge, NY Real Estate Data


Hauppauge Housing Market Information

With a population of 20,977, 7,117 total housing units (homes and apartments), and a median house value of $518,231, Hauppauge house prices are not only among the most expensive in New York, Hauppauge 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 Hauppauge, accounting for 76.56% of the town's housing units. Other types of housing that are prevalent in Hauppauge include large apartment complexes or high rise apartments ( 11.30%), row houses and other attached homes ( 7.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hauppauge. Owner-occupied housing accounts for 83.78% of Hauppauge's homes, and 68.16% have either three or four bedrooms, which is average sized relative to America.

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. Hauppauge's housing was primarily built during this period, from the '40s through the '60s. A full 55.72% of the town's housing hails from this era. Other housing ages represented in Hauppauge include homes built between 1970-1999 ( 37.36%) and housing constructed before 1939 ( 3.75%). There's also some housing in Hauppauge built between 2000 and later ( 3.16%).

Hauppauge Home Appreciation Rates

Hauppauge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hauppauge during the period has been just -1.12%, which is lower than 70% of US communities.

Over the last year, Hauppauge appreciation rates have trailed the rest of the nation. In the last twelve months, Hauppauge's appreciation rate has been 3.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hauppauge were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$518,231

Hauppauge, NY HOME PRICES

Value Range
> $1,091,000 1.9
$818,001 - $1,091,000 4.6
$545,001 - $818,000 28.4
$436,001 - $545,000 38.7
$327,001 - $436,000 17.4
$218,001 - $327,000 5.2
$109,001 - $218,000 1.8
$55,001 - $109,000 0.1
$0 - $55,000 1.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.69186625285472 16.1616161616162

Number Of Homes And Apartments:
7,117

Rent & Ownership

 

Average Market Rent:
$2,263 / per month

Homeownership Rate

Homeownership
Owners 83.78
Renters 16.22
Vacant 4.25

Housing Market Details

 

Age of Homes

AGE OF Hauppauge HOMES
2000 or Newer 3.2
1970 - 1999 37.4
1940 - 1969 55.7
1939 or Older 3.8

Types of Homes

TYPE OF Hauppauge HOMES
Single-Family 76.6
Townhomes 7.4
Small Apt. Buildings 4.6
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Hauppauge HOMES
No Bedroom 0.32
1 Bedroom 10.80
2 Bedrooms 11.37
3 Bedrooms 36.00
4 Bedrooms 32.15
5 or more bedrooms 9.35

Hauppauge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
64.89% 2.99% 7 8
* 10 is highest