Mastic Beach, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Mastic Beach Neighborhoods Since 2000




Mastic Beach, 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

Mastic Beach Housing Market Information

With a population of 14,841, 4,881 total housing units (homes and apartments), and a median house value of $194,889, Mastic Beach real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mastic Beach, accounting for 97.75% of the town's housing units. Other types of housing that are prevalent in Mastic Beach include large apartment complexes or high rise apartments ( 1.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mastic Beach. Owner-occupied housing accounts for 73.27% of Mastic Beach's homes, and 63.84% 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. Mastic Beach's housing was primarily built during this period, from the '40s through the '60s. A full 41.90% of the town's housing hails from this era. Other housing ages represented in Mastic Beach include homes built between 1970-1999 ( 35.29%) and housing constructed before 1939 ( 14.68%). There's also some housing in Mastic Beach built between 2000 and later ( 8.14%).

Vacant housing appears to be an issue in Mastic Beach. Fully 13.49% of the housing stock is classified as vacant. Left unchecked, vacant Mastic Beach homes and apartments can be a drag on the real estate market, holding Mastic Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mastic Beach Home Appreciation Rates

Homes have actually lost value in Mastic Beach over the last then years, as home values have seen a decline of 40.27% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mastic Beach home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Mastic Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Mastic Beach's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mastic Beach were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Mastic Beach's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$194,889

Mastic Beach, NY HOME PRICES

Value Range
> $992,000 0.0
$744,001 - $992,000 0.0
$496,001 - $744,000 2.0
$397,001 - $496,000 0.6
$298,001 - $397,000 8.8
$198,001 - $298,000 31.1
$99,001 - $198,000 52.1
$50,001 - $99,000 3.4
$0 - $50,000 2.0

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
33.5227938591351 45.5667789001122

Number Of Homes And Apartments:
4,881

Mastic Beach 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
32.72% 1.65% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,249 / per month

Homeownership Rate

Homeownership
Owners 73.27
Renters 26.73
Vacant 13.49

Housing Market Details

 

Age of Homes

AGE OF Mastic Beach HOMES
2000 or Newer 8.1
1970 - 1999 35.3
1940 - 1969 41.9
1939 or Older 14.7

Types of Homes

TYPE OF Mastic Beach HOMES
Single-Family 97.7
Townhomes 0.7
Small Apt. Buildings 0.3
Apt. Complexes 1.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mastic Beach HOMES
No Bedroom 0.55
1 Bedroom 5.18
2 Bedrooms 25.04
3 Bedrooms 47.80
4 Bedrooms 16.04
5 or more bedrooms 5.39