Miller Place, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Miller Place Neighborhoods Since 2000




Miller Place, 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

Miller Place Housing Market Information

With a population of 12,417, 3,789 total housing units (homes and apartments), and a median house value of $439,367, real estate costs in Miller Place are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Miller Place, accounting for 89.22% of the town's housing units. Other types of housing that are prevalent in Miller Place include row houses and other attached homes ( 4.52%), large apartment complexes or high rise apartments ( 4.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Miller Place. Owner-occupied housing accounts for 93.88% of Miller Place's homes, and 77.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Miller Place 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 Miller Place built between 1940-1969 ( 24.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.94%). There's also some housing in Miller Place built before 1939 ( 5.86%).

Miller Place Home Appreciation Rates

Miller Place's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Miller Place during the period has been just -1.91%, which is lower than 80% of US communities.

Over the last year, Miller Place appreciation rates have trailed the rest of the nation. In the last twelve months, Miller Place's appreciation rate has been 1.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Miller Place were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Miller Place's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$439,367

Miller Place, NY HOME PRICES

Value Range
> $1,034,000 1.2
$776,001 - $1,034,000 1.3
$517,001 - $776,000 27.6
$414,001 - $517,000 29.8
$310,001 - $414,000 28.1
$207,001 - $310,000 6.8
$103,001 - $207,000 3.1
$52,001 - $103,000 0.4
$0 - $52,000 1.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.7405367397164 21.0998877665544

Number Of Homes And Apartments:
3,789

Miller Place 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
49.80% 2.37% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,701 / per month

Homeownership Rate

Homeownership
Owners 93.88
Renters 6.12
Vacant 7.83

Housing Market Details

 

Age of Homes

AGE OF Miller Place HOMES
2000 or Newer 13.9
1970 - 1999 56.1
1940 - 1969 24.1
1939 or Older 5.9

Types of Homes

TYPE OF Miller Place HOMES
Single-Family 89.2
Townhomes 4.5
Small Apt. Buildings 2.1
Apt. Complexes 4.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Miller Place HOMES
No Bedroom 1.07
1 Bedroom 6.76
2 Bedrooms 6.71
3 Bedrooms 41.13
4 Bedrooms 36.58
5 or more bedrooms 7.74