Nassau, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Nassau Neighborhoods Since 2000




Nassau, 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

Nassau Housing Market Information

With 1,124 people, 460 houses or apartments, and a median cost of homes of $166,980, Nassau real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Nassau, accounting for 64.01% of the village's housing units. Other types of housing that are prevalent in Nassau include duplexes, homes converted to apartments or other small apartment buildings ( 21.15%), large apartment complexes or high rise apartments ( 12.06%), and a few mobile homes or trailers ( 1.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nassau. Owner-occupied housing accounts for 69.57% of Nassau's homes, and 54.36% have either three or four bedrooms, which is average sized relative to America.

The housing in Nassau was primarily built before 1939 ( 48.05%), making the housing stock in Nassau some of the oldest overall in America, although there is a range of ages of homes in Nassau. The next most important housing age is between 1940-1969 ( 38.96%), followed by between 1970-1999 ( 12.43%).

Vacant housing appears to be an issue in Nassau. Fully 14.66% of the housing stock is classified as vacant. Left unchecked, vacant Nassau homes and apartments can be a drag on the real estate market, holding Nassau real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Nassau Home Appreciation Rates

Real estate appreciation rates in Nassau's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

Over the last year, Nassau appreciation rates have trailed the rest of the nation. In the last twelve months, Nassau's appreciation rate has been 1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nassau were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Nassau's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$166,980

Nassau, NY HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.0
$515,001 - $773,000 0.0
$412,001 - $515,000 0.0
$309,001 - $412,000 3.1
$206,001 - $309,000 24.7
$103,001 - $206,000 64.1
$52,001 - $103,000 7.2
$0 - $52,000 0.9

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
42.7926872143443 52.5252525252525

Number Of Homes And Apartments:
460

Nassau 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
39.83% 1.96% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$847 / per month

Homeownership Rate

Homeownership
Owners 69.57
Renters 30.43
Vacant 14.66

Housing Market Details

 

Age of Homes

AGE OF Nassau HOMES
2000 or Newer 0.6
1970 - 1999 12.4
1940 - 1969 39.0
1939 or Older 48.1

Types of Homes

TYPE OF Nassau HOMES
Single-Family 64.0
Townhomes 1.3
Small Apt. Buildings 21.2
Apt. Complexes 12.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Nassau HOMES
No Bedroom 1.48
1 Bedroom 17.25
2 Bedrooms 25.05
3 Bedrooms 34.14
4 Bedrooms 20.22
5 or more bedrooms 1.86