Middle Island, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Middle Island Neighborhoods Since 2000




Middle Island, NY Real Estate Data


Middle Island Housing Market Information

With a population of 10,550, 4,120 total housing units (homes and apartments), and a median house value of $272,780, Middle Island real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Middle Island, accounting for 48.29% of the town's housing units. Other types of housing that are prevalent in Middle Island include large apartment complexes or high rise apartments ( 30.74%), row houses and other attached homes ( 14.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.49%).

Dwellings in Middle Island tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.38% of the homes in Middle Island have two or fewer bedrooms.

There is a lot of housing in Middle Island 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 Middle Island built between 1940-1969 ( 19.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.69%). There's also some housing in Middle Island built before 1939 ( 1.60%).

Middle Island Home Appreciation Rates

Homes have actually lost value in Middle Island over the last then years, as home values have seen a decline of 20.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middle Island home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Middle Island's appreciation rate, at 5.21%, has been at or slightly above the national average. In the latest quarter, Middle Island's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to New York, our data show that Middle Island's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$272,780

Middle Island, NY HOME PRICES

Value Range
> $1,090,000 1.6
$818,001 - $1,090,000 0.6
$545,001 - $818,000 2.0
$436,001 - $545,000 6.7
$327,001 - $436,000 27.0
$218,001 - $327,000 28.5
$109,001 - $218,000 22.2
$54,001 - $109,000 8.4
$0 - $54,000 3.1

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
19.8922527376003 35.2413019079686

Number Of Homes And Apartments:
4,120

Rent & Ownership

 

Average Market Rent:
$1,921 / per month

Homeownership Rate

Homeownership
Owners 74.04
Renters 25.96
Vacant 6.11

Housing Market Details

 

Age of Homes

AGE OF Middle Island HOMES
2000 or Newer 10.7
1970 - 1999 67.8
1940 - 1969 19.9
1939 or Older 1.6

Types of Homes

TYPE OF Middle Island HOMES
Single-Family 48.3
Townhomes 14.5
Small Apt. Buildings 6.5
Apt. Complexes 30.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Middle Island HOMES
No Bedroom 0.98
1 Bedroom 16.34
2 Bedrooms 37.06
3 Bedrooms 29.24
4 Bedrooms 14.45
5 or more bedrooms 1.94

Middle Island Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.25% 3.04% 7 8
* 10 is highest