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
With a population of 7,301, 3,024 total housing units (homes and apartments), and a median house value of $686,562, Northport house prices are not only among the most expensive in New York, Northport 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 Northport, accounting for 76.11% of the village's housing units. Other types of housing that are prevalent in Northport include duplexes, homes converted to apartments or other small apartment buildings ( 14.01%), row houses and other attached homes ( 5.98%), and a few large apartment complexes or high rise apartments ( 3.12%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northport. Owner-occupied housing accounts for 77.89% of Northport's homes, and 68.52% 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. Northport's housing was primarily built during this period, from the '40s through the '60s. A full 39.87% of the village's housing hails from this era. Other housing ages represented in Northport include homes built before 1939 ( 36.06%) and housing constructed between 1970-1999 ( 22.55%). There's also some housing in Northport built between 2000 and later ( 1.52%).
Vacant housing appears to be an issue in Northport. Fully 10.03% of the housing stock is classified as vacant. Left unchecked, vacant Northport homes and apartments can be a drag on the real estate market, holding Northport 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.
Northport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Northport during the period has been just 0.81%, which is lower than 70% of US communities.
Over the last year, Northport appreciation rates have trailed the rest of the nation. In the last twelve months, Northport's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northport were at 0.47%, which equates to an annual appreciation rate of 1.88%.
Notably, Northport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Northport's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.
|$822,001 - $1,097,000||14.6|
|$548,001 - $822,000||38.5|
|$439,001 - $548,000||22.4|
|$329,001 - $439,000||8.7|
|$220,001 - $329,000||0.7|
|$110,001 - $220,000||2.3|
|$55,001 - $110,000||1.0|
|$0 - $55,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Northport HOMES|
|2000 or Newer||1.5|
|1970 - 1999||22.6|
|1940 - 1969||39.9|
|1939 or Older||36.1|
|TYPE OF Northport HOMES|
|Small Apt. Buildings||14.0|
|SIZE OF Northport HOMES|
|5 or more bedrooms||3.87|