Northport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Northport, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Northport Housing Market Information

With 7,368 people, 3,024 houses or apartments, and a median cost of homes of $678,435, 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 Home Appreciation Rates

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 0.29%, 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 -0.15%, 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 0.62%, which equates to an annual appreciation rate of 2.49%.

Relative to New York, our data show that Northport's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$678,435

Northport, NY HOME PRICES

Value Range
> $1,084,000 6.4
$813,001 - $1,084,000 12.8
$542,001 - $813,000 41.1
$434,001 - $542,000 23.3
$325,001 - $434,000 9.6
$217,001 - $325,000 0.8
$108,001 - $217,000 2.8
$54,001 - $108,000 1.1
$0 - $54,000 2.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.44525547445256 9.66666666666667

Number Of Homes And Apartments:
3,024

Northport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
62.47% 2.55%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,202 / per month

Homeownership Rate

Homeownership
Owners 77.89
Renters 22.11
Vacant 10.03

Housing Market Details

 

Age of Homes

AGE OF Northport HOMES
2000 or Newer 1.5
1970 - 1999 22.6
1940 - 1969 39.9
1939 or Older 36.1

Types of Homes

TYPE OF Northport HOMES
Single-Family 76.1
Townhomes 6.0
Small Apt. Buildings 14.0
Apt. Complexes 3.1
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Northport HOMES
No Bedroom 0.00
1 Bedroom 10.74
2 Bedrooms 16.87
3 Bedrooms 42.64
4 Bedrooms 25.89
5 or more bedrooms 3.87