Mount Sinai, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Sinai Neighborhoods Since 2000




Mount Sinai, 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

Mount Sinai Housing Market Information

With 12,195 people, 4,201 houses or apartments, and a median cost of homes of $475,280, Mount Sinai house prices are not only among the most expensive in New York, Mount Sinai 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 Mount Sinai, accounting for 78.31% of the town's housing units. Other types of housing that are prevalent in Mount Sinai include row houses and other attached homes ( 15.56%), duplexes, homes converted to apartments or other small apartment buildings ( 4.76%), and a few large apartment complexes or high rise apartments ( 1.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Sinai. Owner-occupied housing accounts for 92.91% of Mount Sinai's homes, and 66.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Sinai 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 Mount Sinai built between 2000 and later ( 28.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.05%). There's also some housing in Mount Sinai built before 1939 ( 4.55%).

Mount Sinai Home Appreciation Rates

Mount Sinai's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Sinai during the period has been just -1.79%, which is lower than 80% of US communities.

Over the last year, Mount Sinai appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Sinai's appreciation rate has been 0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Sinai were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$475,280

Mount Sinai, NY HOME PRICES

Value Range
> $1,046,000 2.0
$784,001 - $1,046,000 3.3
$523,001 - $784,000 27.9
$418,001 - $523,000 29.8
$314,001 - $418,000 26.0
$209,001 - $314,000 7.6
$105,001 - $209,000 1.2
$52,001 - $105,000 1.0
$0 - $52,000 1.3

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.62135239657799 18.7429854096521

Number Of Homes And Apartments:
4,201

Mount Sinai 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
51.88% 2.45% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,581 / per month

Homeownership Rate

Homeownership
Owners 92.91
Renters 7.09
Vacant 2.03

Housing Market Details

 

Age of Homes

AGE OF Mount Sinai HOMES
2000 or Newer 28.6
1970 - 1999 48.8
1940 - 1969 18.1
1939 or Older 4.5

Types of Homes

TYPE OF Mount Sinai HOMES
Single-Family 78.3
Townhomes 15.6
Small Apt. Buildings 4.8
Apt. Complexes 1.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mount Sinai HOMES
No Bedroom 0.35
1 Bedroom 2.68
2 Bedrooms 19.61
3 Bedrooms 31.20
4 Bedrooms 35.49
5 or more bedrooms 10.66