Lynbrook, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lynbrook Neighborhoods Since 2000




Lynbrook, NY Real Estate Data


Lynbrook Housing Market Information

With 19,558 people, 7,201 houses or apartments, and a median cost of homes of $454,086, real estate costs in Lynbrook 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 Lynbrook, accounting for 57.13% of the village's housing units. Other types of housing that are prevalent in Lynbrook include large apartment complexes or high rise apartments ( 20.97%), duplexes, homes converted to apartments or other small apartment buildings ( 19.88%), and a few row houses and other attached homes ( 2.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynbrook. Owner-occupied housing accounts for 73.04% of Lynbrook's homes, and 53.43% have either three or four bedrooms, which is average sized relative to America.

The housing in Lynbrook was primarily built before 1939 ( 43.80%), making the housing stock in Lynbrook some of the oldest overall in America, although there is a range of ages of homes in Lynbrook. The next most important housing age is between 1940-1969 ( 39.39%), followed by between 1970-1999 ( 10.65%). There's also some housing in Lynbrook built between 2000 and later ( 6.15%).

Lynbrook Home Appreciation Rates

Real estate appreciation rates in Lynbrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

Over the last year, Lynbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Lynbrook's appreciation rate has been 3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lynbrook were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$454,086

Lynbrook, NY HOME PRICES

Value Range
> $1,122,000 0.3
$842,001 - $1,122,000 1.1
$561,001 - $842,000 18.7
$449,001 - $561,000 33.0
$337,001 - $449,000 30.5
$225,001 - $337,000 10.5
$112,001 - $225,000 4.1
$56,001 - $112,000 0.3
$0 - $56,000 1.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.54230836798032 20.8754208754209

Number Of Homes And Apartments:
7,201

Rent & Ownership

 

Average Market Rent:
$2,272 / per month

Homeownership Rate

Homeownership
Owners 73.04
Renters 26.96
Vacant 7.69

Housing Market Details

 

Age of Homes

AGE OF Lynbrook HOMES
2000 or Newer 6.2
1970 - 1999 10.7
1940 - 1969 39.4
1939 or Older 43.8

Types of Homes

TYPE OF Lynbrook HOMES
Single-Family 57.1
Townhomes 2.0
Small Apt. Buildings 19.9
Apt. Complexes 21.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lynbrook HOMES
No Bedroom 5.65
1 Bedroom 14.74
2 Bedrooms 20.09
3 Bedrooms 37.42
4 Bedrooms 16.01
5 or more bedrooms 6.09

Lynbrook 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
68.96% 3.13% 8 8
* 10 is highest