Port Jefferson Station, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Port Jefferson Station Neighborhoods Since 2000




Port Jefferson Station, 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

Port Jefferson Station Housing Market Information

With a population of 7,888, 2,727 total housing units (homes and apartments), and a median house value of $357,146, real estate costs in Port Jefferson Station 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 Port Jefferson Station, accounting for 67.28% of the town's housing units. Other types of housing that are prevalent in Port Jefferson Station include large apartment complexes or high rise apartments ( 17.26%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%), and a few row houses and other attached homes ( 6.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Jefferson Station. Owner-occupied housing accounts for 73.53% of Port Jefferson Station's homes, and 56.00% 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. Port Jefferson Station's housing was primarily built during this period, from the '40s through the '60s. A full 48.51% of the town's housing hails from this era. Other housing ages represented in Port Jefferson Station include homes built between 1970-1999 ( 30.26%) and housing constructed between 2000 and later ( 12.38%). There's also some housing in Port Jefferson Station built before 1939 ( 8.85%).

Port Jefferson Station Home Appreciation Rates

Port Jefferson Station's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Jefferson Station during the period has been just -2.09%, which is lower than 80% of US communities.

Over the last year, Port Jefferson Station appreciation rates have trailed the rest of the nation. In the last twelve months, Port Jefferson Station's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Jefferson Station were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Port Jefferson Station's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$357,146

Port Jefferson Station, NY HOME PRICES

Value Range
> $1,056,000 0.0
$792,001 - $1,056,000 0.5
$528,001 - $792,000 8.1
$422,001 - $528,000 15.3
$317,001 - $422,000 44.9
$211,001 - $317,000 28.0
$106,001 - $211,000 1.0
$53,001 - $106,000 0.8
$0 - $53,000 1.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.666471346537 27.3849607182941

Number Of Homes And Apartments:
2,727

Port Jefferson Station 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
57.15% 2.66% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,212 / per month

Homeownership Rate

Homeownership
Owners 73.53
Renters 26.47
Vacant 6.77

Housing Market Details

 

Age of Homes

AGE OF Port Jefferson Station HOMES
2000 or Newer 12.4
1970 - 1999 30.3
1940 - 1969 48.5
1939 or Older 8.9

Types of Homes

TYPE OF Port Jefferson Station HOMES
Single-Family 67.3
Townhomes 6.4
Small Apt. Buildings 9.1
Apt. Complexes 17.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Port Jefferson Station HOMES
No Bedroom 4.48
1 Bedroom 16.72
2 Bedrooms 16.68
3 Bedrooms 35.76
4 Bedrooms 20.24
5 or more bedrooms 6.12