North Babylon, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Babylon Neighborhoods Since 2000




North Babylon, 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

North Babylon Housing Market Information

With 17,565 people, 5,858 houses or apartments, and a median cost of homes of $371,214, real estate costs in North Babylon 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 North Babylon, accounting for 79.19% of the town's housing units. Other types of housing that are prevalent in North Babylon include large apartment complexes or high rise apartments ( 8.80%), duplexes, homes converted to apartments or other small apartment buildings ( 8.02%), and a few row houses and other attached homes ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Babylon. Owner-occupied housing accounts for 80.70% of North Babylon's homes, and 67.12% 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. North Babylon's housing was primarily built during this period, from the '40s through the '60s. A full 77.16% of the town's housing hails from this era. Other housing ages represented in North Babylon include homes built between 1970-1999 ( 17.12%) and housing constructed before 1939 ( 3.02%). There's also some housing in North Babylon built between 2000 and later ( 2.69%).

North Babylon Home Appreciation Rates

North Babylon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Babylon during the period has been just -1.68%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, North Babylon's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, North Babylon's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$371,214

North Babylon, NY HOME PRICES

Value Range
> $1,096,000 0.3
$822,001 - $1,096,000 0.0
$548,001 - $822,000 2.8
$438,001 - $548,000 11.7
$329,001 - $438,000 55.1
$219,001 - $329,000 21.3
$110,001 - $219,000 5.5
$55,001 - $110,000 0.6
$0 - $55,000 2.7

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.8168287823743 26.1503928170595

Number Of Homes And Apartments:
5,858

North Babylon 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
64.18% 2.92% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,246 / per month

Homeownership Rate

Homeownership
Owners 80.70
Renters 19.30
Vacant 4.92

Housing Market Details

 

Age of Homes

AGE OF North Babylon HOMES
2000 or Newer 2.7
1970 - 1999 17.1
1940 - 1969 77.2
1939 or Older 3.0

Types of Homes

TYPE OF North Babylon HOMES
Single-Family 79.2
Townhomes 4.0
Small Apt. Buildings 8.0
Apt. Complexes 8.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF North Babylon HOMES
No Bedroom 1.66
1 Bedroom 11.48
2 Bedrooms 11.43
3 Bedrooms 42.14
4 Bedrooms 24.98
5 or more bedrooms 8.33