Middle Island, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Middle Island Neighborhoods Since 2000




Middle Island, 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

Middle Island Housing Market Information

With 10,550 people, 4,081 houses or apartments, and a median cost of homes of $274,730, 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 50.29% of the town's housing units. Other types of housing that are prevalent in Middle Island include large apartment complexes or high rise apartments ( 29.30%), row houses and other attached homes ( 14.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.36%).

Dwellings in Middle Island tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.59% 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 ( 21.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.32%). There's also some housing in Middle Island built before 1939 ( 1.44%).

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 24.50% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middle Island home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Middle Island appreciation rates have trailed the rest of the nation. In the last twelve months, Middle Island's appreciation rate has been -2.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middle Island were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$274,730

Middle Island, NY HOME PRICES

Value Range
> $1,047,000 1.5
$785,001 - $1,047,000 0.6
$524,001 - $785,000 2.3
$419,001 - $524,000 6.4
$314,001 - $419,000 24.9
$209,001 - $314,000 29.8
$105,001 - $209,000 21.1
$52,001 - $105,000 9.4
$0 - $52,000 3.9

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
19.0964490800422 35.2413019079686

Number Of Homes And Apartments:
4,081

Middle Island 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
57.02% 2.65% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,132 / per month

Homeownership Rate

Homeownership
Owners 75.04
Renters 24.96
Vacant 6.59

Housing Market Details

 

Age of Homes

AGE OF Middle Island HOMES
2000 or Newer 10.3
1970 - 1999 67.2
1940 - 1969 21.0
1939 or Older 1.4

Types of Homes

TYPE OF Middle Island HOMES
Single-Family 50.3
Townhomes 14.1
Small Apt. Buildings 6.4
Apt. Complexes 29.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Middle Island HOMES
No Bedroom 1.12
1 Bedroom 16.07
2 Bedrooms 34.40
3 Bedrooms 31.61
4 Bedrooms 14.60
5 or more bedrooms 2.20