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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 17,232, 5,559 total housing units (homes and apartments), and a median house value of $494,584, Massapequa Park house prices are not only among the most expensive in New York, Massapequa Park 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 Massapequa Park, accounting for 93.68% of the village's housing units. Other types of housing that are prevalent in Massapequa Park include row houses and other attached homes ( 3.56%), large apartment complexes or high rise apartments ( 1.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Massapequa Park. Owner-occupied housing accounts for 97.02% of Massapequa Park's homes, and 82.19% 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. Massapequa Park's housing was primarily built during this period, from the '40s through the '60s. A full 87.20% of the village's housing hails from this era. Other housing ages represented in Massapequa Park include homes built between 1970-1999 ( 7.35%) and housing constructed before 1939 ( 3.82%). There's also some housing in Massapequa Park built between 2000 and later ( 1.62%).
Real estate appreciation rates in Massapequa Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.
NeighborhoodScout's data show that during the latest twelve months, Massapequa Park's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Massapequa Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New York, our data show that Massapequa Park's latest annual appreciation rate is higher than 60% 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 village. Individual neighborhoods within Massapequa Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massapequa Park - 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 Massapequa Park real estate investment or home purchase decisions.
|$820,001 - $1,093,000||3.9|
|$546,001 - $820,000||20.2|
|$437,001 - $546,000||44.5|
|$328,001 - $437,000||24.3|
|$219,001 - $328,000||2.6|
|$109,001 - $219,000||0.8|
|$55,001 - $109,000||0.3|
|$0 - $55,000||2.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Massapequa Park HOMES|
|2000 or Newer||1.6|
|1970 - 1999||7.4|
|1940 - 1969||87.2|
|1939 or Older||3.8|
|TYPE OF Massapequa Park HOMES|
|Small Apt. Buildings||0.6|
|SIZE OF Massapequa Park HOMES|
|5 or more bedrooms||9.17|