Islip Terrace, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Islip Terrace Neighborhoods Since 2000




Islip Terrace, 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

Islip Terrace Housing Market Information

With 5,409 people, 1,717 houses or apartments, and a median cost of homes of $370,035, real estate costs in Islip Terrace are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Islip Terrace, accounting for 92.17% of the town's housing units. Other types of housing that are prevalent in Islip Terrace include duplexes, homes converted to apartments or other small apartment buildings ( 7.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Islip Terrace. Owner-occupied housing accounts for 89.63% of Islip Terrace's homes, and 76.61% 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. Islip Terrace's housing was primarily built during this period, from the '40s through the '60s. A full 58.61% of the town's housing hails from this era. Other housing ages represented in Islip Terrace include homes built before 1939 ( 20.83%) and housing constructed between 1970-1999 ( 15.00%). There's also some housing in Islip Terrace built between 2000 and later ( 5.56%).

Islip Terrace Home Appreciation Rates

Islip Terrace's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Islip Terrace during the period has been just -2.01%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Islip Terrace's appreciation rate, at 3.22%, has been at or slightly above the national average. In the latest quarter, Islip Terrace's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$370,035

Islip Terrace, NY HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.6
$534,001 - $802,000 4.3
$428,001 - $534,000 15.7
$321,001 - $428,000 54.4
$214,001 - $321,000 18.4
$107,001 - $214,000 0.4
$53,001 - $107,000 0.0
$0 - $53,000 6.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.8871440290636 26.2626262626263

Number Of Homes And Apartments:
1,717

Islip Terrace 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
63.15% 2.88% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,909 / per month

Homeownership Rate

Homeownership
Owners 89.63
Renters 10.37
Vacant 4.61

Housing Market Details

 

Age of Homes

AGE OF Islip Terrace HOMES
2000 or Newer 5.6
1970 - 1999 15.0
1940 - 1969 58.6
1939 or Older 20.8

Types of Homes

TYPE OF Islip Terrace HOMES
Single-Family 92.2
Townhomes 0.0
Small Apt. Buildings 7.8
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Islip Terrace HOMES
No Bedroom 0.00
1 Bedroom 4.33
2 Bedrooms 11.89
3 Bedrooms 51.33
4 Bedrooms 25.28
5 or more bedrooms 7.17