Mineola, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mineola Neighborhoods Since 2000




Mineola, 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

Mineola Housing Market Information

With a population of 19,139, 7,144 total housing units (homes and apartments), and a median house value of $468,979, Mineola house prices are not only among the most expensive in New York, Mineola real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Mineola, accounting for 58.08% of the village's housing units. Other types of housing that are prevalent in Mineola include large apartment complexes or high rise apartments ( 23.30%), duplexes, homes converted to apartments or other small apartment buildings ( 17.33%), and a few row houses and other attached homes ( 1.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mineola. Owner-occupied housing accounts for 65.32% of Mineola's homes, and 54.13% 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. Mineola's housing was primarily built during this period, from the '40s through the '60s. A full 65.76% of the village's housing hails from this era. Other housing ages represented in Mineola include homes built before 1939 ( 23.09%) and housing constructed between 1970-1999 ( 10.54%).

Mineola Home Appreciation Rates

Real estate appreciation rates in Mineola's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, Mineola appreciation rates have trailed the rest of the nation. In the last twelve months, Mineola's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mineola were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$468,979

Mineola, NY HOME PRICES

Value Range
> $1,131,000 0.2
$848,001 - $1,131,000 1.7
$565,001 - $848,000 25.8
$452,001 - $565,000 34.7
$339,001 - $452,000 18.7
$226,001 - $339,000 6.8
$113,001 - $226,000 9.0
$57,001 - $113,000 0.9
$0 - $57,000 2.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.79128090941052 18.9674523007856

Number Of Homes And Apartments:
7,144

Mineola 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
77.06% 3.37% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,154 / per month

Homeownership Rate

Homeownership
Owners 65.32
Renters 34.68
Vacant 5.63

Housing Market Details

 

Age of Homes

AGE OF Mineola HOMES
2000 or Newer 0.6
1970 - 1999 10.5
1940 - 1969 65.8
1939 or Older 23.1

Types of Homes

TYPE OF Mineola HOMES
Single-Family 58.1
Townhomes 1.0
Small Apt. Buildings 17.3
Apt. Complexes 23.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Mineola HOMES
No Bedroom 3.20
1 Bedroom 20.09
2 Bedrooms 18.53
3 Bedrooms 31.51
4 Bedrooms 22.63
5 or more bedrooms 4.04