Massapequa Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Massapequa Park Neighborhoods Since 2000




Massapequa Park, 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

Massapequa Park Housing Market Information

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%).

Massapequa Park Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$494,584

Massapequa Park, NY HOME PRICES

Value Range
> $1,093,000 1.4
$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

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.07054963084495 17.3961840628507

Number Of Homes And Apartments:
5,559

Massapequa Park 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
59.74% 2.75% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,145 / per month

Homeownership Rate

Homeownership
Owners 97.02
Renters 2.98
Vacant 2.92

Housing Market Details

 

Age of Homes

AGE OF Massapequa Park HOMES
2000 or Newer 1.6
1970 - 1999 7.4
1940 - 1969 87.2
1939 or Older 3.8

Types of Homes

TYPE OF Massapequa Park HOMES
Single-Family 93.7
Townhomes 3.6
Small Apt. Buildings 0.6
Apt. Complexes 1.2
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Massapequa Park HOMES
No Bedroom 0.12
1 Bedroom 1.14
2 Bedrooms 7.39
3 Bedrooms 44.62
4 Bedrooms 37.57
5 or more bedrooms 9.17