Islip, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Islip Neighborhoods Since 2000




Islip, 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 Housing Market Information

With a population of 18,757, 6,144 total housing units (homes and apartments), and a median house value of $379,695, real estate costs in Islip 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, accounting for 76.28% of the town's housing units. Other types of housing that are prevalent in Islip include duplexes, homes converted to apartments or other small apartment buildings ( 11.10%), large apartment complexes or high rise apartments ( 8.61%), and a few row houses and other attached homes ( 3.25%).

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. Owner-occupied housing accounts for 83.12% of Islip's homes, and 56.03% 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's housing was primarily built during this period, from the '40s through the '60s. A full 48.02% of the town's housing hails from this era. Other housing ages represented in Islip include homes built between 1970-1999 ( 30.04%) and housing constructed before 1939 ( 17.67%). There's also some housing in Islip built between 2000 and later ( 4.26%).

Islip Home Appreciation Rates

Islip's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Islip during the period has been just -1.90%, which is lower than 80% of US communities.

Appreciation rates are so strong in Islip that despite a nationwide downturn in the housing market, Islip real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Islip appreciation rates continue to be some of the highest in America, at 5.67%, which is higher than appreciation rates in 71.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Islip. Islip 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 Islip's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$379,695

Islip, NY HOME PRICES

Value Range
> $1,071,000 2.2
$803,001 - $1,071,000 1.7
$536,001 - $803,000 11.7
$429,001 - $536,000 17.5
$322,001 - $429,000 43.3
$214,001 - $322,000 11.6
$107,001 - $214,000 8.8
$54,001 - $107,000 1.4
$0 - $54,000 1.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.4183757178015 25.5892255892256

Number Of Homes And Apartments:
6,144

Islip 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
71.70% 3.18% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,052 / per month

Homeownership Rate

Homeownership
Owners 83.12
Renters 16.88
Vacant 6.16

Housing Market Details

 

Age of Homes

AGE OF Islip HOMES
2000 or Newer 4.3
1970 - 1999 30.0
1940 - 1969 48.0
1939 or Older 17.7

Types of Homes

TYPE OF Islip HOMES
Single-Family 76.3
Townhomes 3.3
Small Apt. Buildings 11.1
Apt. Complexes 8.6
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Islip HOMES
No Bedroom 1.96
1 Bedroom 10.86
2 Bedrooms 21.31
3 Bedrooms 33.50
4 Bedrooms 22.53
5 or more bedrooms 9.85