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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Northport Housing Market Information

With 7,342 people, 3,012 houses or apartments, and a median cost of homes of $680,535, 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 76.91% 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 ( 12.35%), row houses and other attached homes ( 6.16%), and a few large apartment complexes or high rise apartments ( 3.98%).

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 78.23% of Northport's homes, and 73.44% 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 37.04% of the village's housing hails from this era. Other housing ages represented in Northport include homes built before 1939 ( 36.01%) and housing constructed between 1970-1999 ( 25.23%). There's also some housing in Northport built between 2000 and later ( 1.72%).

Northport Home Appreciation Rates

Real estate appreciation rates in Northport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.29% during the period.

NeighborhoodScout's data show that during the latest twelve months, Northport's appreciation rate, at 5.48%, has been at or slightly above the national average. In the latest quarter, Northport's appreciation rate has been 1.49%, which annualizes to a rate of 6.07%.

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

Average Home Values

 

Median Home Value:
$680,535

Northport, NY HOME PRICES

Value Range
> $1,153,000 9.2
$865,001 - $1,153,000 14.3
$577,001 - $865,000 35.8
$461,001 - $577,000 24.6
$346,001 - $461,000 8.7
$231,001 - $346,000 1.8
$115,001 - $231,000 3.0
$58,001 - $115,000 0.9
$0 - $58,000 1.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.48029197080292 9.44444444444444

Number Of Homes And Apartments:
3,012

Northport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
68.49% 2.86%
6
7
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,047 / per month

Homeownership Rate

Homeownership
Owners 78.23
Renters 21.77
Vacant 9.09

Housing Market Details

 

Age of Homes

AGE OF Northport HOMES
2000 or Newer 1.7
1970 - 1999 25.2
1940 - 1969 37.0
1939 or Older 36.0

Types of Homes

TYPE OF Northport HOMES
Single-Family 76.9
Townhomes 6.2
Small Apt. Buildings 12.3
Apt. Complexes 4.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Northport HOMES
No Bedroom 0.00
1 Bedroom 8.42
2 Bedrooms 14.43
3 Bedrooms 45.34
4 Bedrooms 28.10
5 or more bedrooms 3.71