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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,102, 456 total housing units (homes and apartments), and a median house value of $217,695, 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 62.52% 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 ( 20.15%), large apartment complexes or high rise apartments ( 17.33%).
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 66.23% of Nassau's homes, and 48.78% have either three or four bedrooms, which is average sized relative to America.
The housing in Nassau was primarily built before 1939 ( 50.09%), 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 ( 32.20%), followed by between 1970-1999 ( 15.07%). There's also some housing in Nassau built between 2000 and later ( 2.64%).
Vacant housing appears to be an issue in Nassau. Fully 14.12% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nassau during the period has been just 3.61%, which is lower than 80% of US communities.
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 6.50%, 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 -0.17%, which equates to an annual appreciation rate of -0.66%.
Relative to New York, our data show that Nassau's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
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