Massapequa, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Massapequa Neighborhoods Since 2000




Massapequa, 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 Housing Market Information

With a population of 22,013, 7,050 total housing units (homes and apartments), and a median house value of $522,349, Massapequa house prices are not only among the most expensive in New York, Massapequa 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, accounting for 93.82% of the town's housing units. Other types of housing that are prevalent in Massapequa include duplexes, homes converted to apartments or other small apartment buildings ( 4.33%), large apartment complexes or high rise apartments ( 1.06%).

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. Owner-occupied housing accounts for 92.56% of Massapequa's homes, and 76.83% 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's housing was primarily built during this period, from the '40s through the '60s. A full 77.89% of the town's housing hails from this era. Other housing ages represented in Massapequa include homes built before 1939 ( 10.93%) and housing constructed between 1970-1999 ( 8.88%). There's also some housing in Massapequa built between 2000 and later ( 2.30%).

Massapequa Home Appreciation Rates

Massapequa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Massapequa during the period has been just -0.82%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Massapequa's appreciation rate, at 4.72%, has been at or slightly above the national average. In the latest quarter, Massapequa's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Massapequa's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Massapequa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massapequa - 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 real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$522,349

Massapequa, NY HOME PRICES

Value Range
> $1,107,000 3.3
$830,001 - $1,107,000 6.7
$553,001 - $830,000 35.2
$443,001 - $553,000 29.0
$332,001 - $443,000 20.2
$221,001 - $332,000 3.0
$110,001 - $221,000 0.7
$55,001 - $110,000 0.6
$0 - $55,000 1.3

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.32637993671628 15.0392817059484

Number Of Homes And Apartments:
7,050

Massapequa 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
64.18% 2.92% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,827 / per month

Homeownership Rate

Homeownership
Owners 92.56
Renters 7.44
Vacant 5.31

Housing Market Details

 

Age of Homes

AGE OF Massapequa HOMES
2000 or Newer 2.3
1970 - 1999 8.9
1940 - 1969 77.9
1939 or Older 10.9

Types of Homes

TYPE OF Massapequa HOMES
Single-Family 93.8
Townhomes 0.5
Small Apt. Buildings 4.3
Apt. Complexes 1.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Massapequa HOMES
No Bedroom 0.31
1 Bedroom 2.08
2 Bedrooms 8.72
3 Bedrooms 41.20
4 Bedrooms 35.63
5 or more bedrooms 12.06