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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lynbrook, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lynbrook, NY Housing Market Trends

With 20,128 people, 7,031 houses or apartments, and a median cost of homes of $722,546, 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 57.21% of the village's housing units. Other types of housing that are prevalent in Lynbrook include duplexes, homes converted to apartments or other small apartment buildings ( 23.13%), large apartment complexes or high rise apartments ( 16.80%), and a few row houses and other attached homes ( 2.59%).

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 73.67% of Lynbrook's homes, and 54.20% have either three or four bedrooms, which is average sized relative to America.

The housing in Lynbrook was primarily built before 1939 ( 46.96%), 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 ( 37.85%), followed by between 1970-1999 ( 11.80%). There's also some housing in Lynbrook built between 2000 and later ( 3.39%).

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 5.91% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lynbrook's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Lynbrook's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Lynbrook's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$722,546

Lynbrook, NY Home Prices
> $1,259,000
$944,001 - $1,259,000
$630,001 - $944,000
$503,001 - $630,000
$378,001 - $503,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
1.5%
1.5%
10.8%
10.8%
57.1%
57.1%
15.9%
15.9%
4.8%
4.8%
5.8%
5.8%
2.6%
2.6%
0.9%
0.9%
0.5%
0.5%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

7,031

Lynbrook Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,110 / per month

Homeownership Rate

Owners
Renters
73.7%
73.7%
26.3%
26.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.3%
5.3%
94.7%
94.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.4%
3.4%
11.8%
11.8%
37.9%
37.9%
47.0%
47.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.2%
57.2%
2.6%
2.6%
23.1%
23.1%
16.8%
16.8%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.5%
5.5%
11.2%
11.2%
21.4%
21.4%
37.8%
37.8%
16.4%
16.4%
7.6%
7.6%
0% 100.0%
% of Homes