Lynbrook, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lynbrook Neighborhoods Since 2000




Lynbrook, 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

Lynbrook Housing Market Information

With 19,558 people, 7,097 houses or apartments, and a median cost of homes of $454,305, Lynbrook house prices are not only among the most expensive in New York, Lynbrook 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 Lynbrook, accounting for 55.93% of the village's housing units. Other types of housing that are prevalent in Lynbrook include large apartment complexes or high rise apartments ( 20.80%), duplexes, homes converted to apartments or other small apartment buildings ( 20.66%), and a few row houses and other attached homes ( 2.61%).

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 73.83% of Lynbrook's homes, and 53.48% have either three or four bedrooms, which is average sized relative to America.

The housing in Lynbrook was primarily built before 1939 ( 43.86%), 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 ( 40.59%), followed by between 1970-1999 ( 10.08%). There's also some housing in Lynbrook built between 2000 and later ( 5.47%).

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 -0.36% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lynbrook's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Lynbrook's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$454,305

Lynbrook, NY HOME PRICES

Value Range
> $1,137,000 0.3
$853,001 - $1,137,000 1.0
$568,001 - $853,000 18.4
$455,001 - $568,000 33.7
$341,001 - $455,000 30.0
$227,001 - $341,000 8.9
$114,001 - $227,000 4.2
$57,001 - $114,000 0.7
$0 - $57,000 2.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.24247040900035 19.9775533108866

Number Of Homes And Apartments:
7,097

Lynbrook 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
70.94% 3.16% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,428 / per month

Homeownership Rate

Homeownership
Owners 73.83
Renters 26.17
Vacant 6.07

Housing Market Details

 

Age of Homes

AGE OF Lynbrook HOMES
2000 or Newer 5.5
1970 - 1999 10.1
1940 - 1969 40.6
1939 or Older 43.9

Types of Homes

TYPE OF Lynbrook HOMES
Single-Family 55.9
Townhomes 2.6
Small Apt. Buildings 20.7
Apt. Complexes 20.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lynbrook HOMES
No Bedroom 5.94
1 Bedroom 15.43
2 Bedrooms 18.94
3 Bedrooms 37.04
4 Bedrooms 16.44
5 or more bedrooms 6.21