Mastic, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mastic Neighborhoods Since 2000




Mastic, 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 Housing Market Information

With a population of 15,769, 4,750 total housing units (homes and apartments), and a median house value of $246,695, Mastic 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, accounting for 95.35% of the town's housing units. Other types of housing that are prevalent in Mastic include duplexes, homes converted to apartments or other small apartment buildings ( 2.44%), large apartment complexes or high rise apartments ( 2.05%).

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. Owner-occupied housing accounts for 78.63% of Mastic's homes, and 79.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mastic built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mastic built between 1940-1969 ( 25.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.71%). There's also some housing in Mastic built before 1939 ( 4.69%).

Mastic Home Appreciation Rates

Homes have actually lost value in Mastic over the last then years, as home values have seen a decline of 31.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mastic home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Mastic's appreciation rate, at 5.13%, has been at or slightly above the national average. In the latest quarter, Mastic's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Mastic's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$246,695

Mastic, NY HOME PRICES

Value Range
> $1,073,000 1.1
$804,001 - $1,073,000 0.0
$536,001 - $804,000 1.7
$429,001 - $536,000 4.7
$322,001 - $429,000 16.1
$214,001 - $322,000 41.4
$107,001 - $214,000 32.1
$54,001 - $107,000 1.1
$0 - $54,000 1.8

High for NY
High for Nation

Value Relative to Nation Value Relative to State
23.0575413102074 37.4859708193042

Number Of Homes And Apartments:
4,750

Mastic 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
61.30% 2.81% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,278 / per month

Homeownership Rate

Homeownership
Owners 78.63
Renters 21.37
Vacant 6.50

Housing Market Details

 

Age of Homes

AGE OF Mastic HOMES
2000 or Newer 6.7
1970 - 1999 62.9
1940 - 1969 25.7
1939 or Older 4.7

Types of Homes

TYPE OF Mastic HOMES
Single-Family 95.4
Townhomes 0.1
Small Apt. Buildings 2.4
Apt. Complexes 2.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Mastic HOMES
No Bedroom 0.89
1 Bedroom 5.89
2 Bedrooms 7.32
3 Bedrooms 54.78
4 Bedrooms 24.80
5 or more bedrooms 6.32