Long Beach, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Long Beach Neighborhoods Since 2000




Long Beach, 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

Long Beach Housing Market Information

With a population of 33,550, 14,556 total housing units (homes and apartments), and a median house value of $543,378, Long Beach house prices are not only among the most expensive in New York, Long Beach real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Long Beach, accounting for 37.37% of the city's housing units. Other types of housing that are prevalent in Long Beach include single-family detached homes ( 35.38%), duplexes, homes converted to apartments or other small apartment buildings ( 22.64%), and a few row houses and other attached homes ( 4.62%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Long Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Long Beach has a mixture of owner-occupied and renter-occupied housing.

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. Long Beach's housing was primarily built during this period, from the '40s through the '60s. A full 44.44% of the city's housing hails from this era. Other housing ages represented in Long Beach include homes built before 1939 ( 28.91%) and housing constructed between 1970-1999 ( 23.58%). There's also some housing in Long Beach built between 2000 and later ( 3.07%).

Vacant housing appears to be an issue in Long Beach. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Long Beach homes and apartments can be a drag on the real estate market, holding Long Beach 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.

Long Beach Home Appreciation Rates

Real estate appreciation rates in Long Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

NeighborhoodScout's data show that during the latest twelve months, Long Beach's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Long Beach's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Long Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Long Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Long Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Long Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$543,378

Long Beach, NY HOME PRICES

Value Range
> $1,154,000 2.2
$865,001 - $1,154,000 7.5
$577,001 - $865,000 30.2
$462,001 - $577,000 25.7
$346,001 - $462,000 18.9
$231,001 - $346,000 9.9
$115,001 - $231,000 3.4
$58,001 - $115,000 0.8
$0 - $58,000 1.5

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.84589241767257 13.3557800224467

Number Of Homes And Apartments:
14,556

Long Beach 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
99.27% 4.08% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,277 / per month

Homeownership Rate

Homeownership
Owners 54.94
Renters 45.06
Vacant 13.09

Housing Market Details

 

Age of Homes

AGE OF Long Beach HOMES
2000 or Newer 3.1
1970 - 1999 23.6
1940 - 1969 44.4
1939 or Older 28.9

Types of Homes

TYPE OF Long Beach HOMES
Single-Family 35.4
Townhomes 4.6
Small Apt. Buildings 22.6
Apt. Complexes 37.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Long Beach HOMES
No Bedroom 6.63
1 Bedroom 28.22
2 Bedrooms 22.62
3 Bedrooms 26.59
4 Bedrooms 10.11
5 or more bedrooms 5.82