Port Washington, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Washington, 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 Washington Housing Market Information

With a population of 16,014, 5,733 total housing units (homes and apartments), and a median house value of $810,562, Port Washington house prices are not only among the most expensive in New York, Port Washington 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 Port Washington, accounting for 67.80% of the town's housing units. Other types of housing that are prevalent in Port Washington include duplexes, homes converted to apartments or other small apartment buildings ( 15.27%), large apartment complexes or high rise apartments ( 14.07%), and a few row houses and other attached homes ( 2.86%).

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 Washington. Owner-occupied housing accounts for 69.51% of Port Washington's homes, and 61.44% 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. Port Washington's housing was primarily built during this period, from the '40s through the '60s. A full 44.86% of the town's housing hails from this era. Other housing ages represented in Port Washington include homes built before 1939 ( 37.82%) and housing constructed between 2000 and later ( 10.53%). There's also some housing in Port Washington built between 1970-1999 ( 6.79%).

Port Washington Home Appreciation Rates

Appreciation rates for homes in Port Washington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.34%, which ranks in the top 30% nationwide. This equates to an annual average Port Washington house appreciation rate of 0.90%.

NeighborhoodScout's data show that during the latest twelve months, Port Washington's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, Port Washington's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$810,562

Port Washington, NY HOME PRICES

Value Range
> $1,136,000 18.6
$852,001 - $1,136,000 28.9
$568,001 - $852,000 35.9
$454,001 - $568,000 9.3
$341,001 - $454,000 1.7
$227,001 - $341,000 1.5
$114,001 - $227,000 1.2
$57,001 - $114,000 1.2
$0 - $57,000 1.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.86042423532169 5.78002244668911

Number Of Homes And Apartments:
5,733

Port Washington 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
74.33% 3.27% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,461 / per month

Homeownership Rate

Homeownership
Owners 69.51
Renters 30.49
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Port Washington HOMES
2000 or Newer 10.5
1970 - 1999 6.8
1940 - 1969 44.9
1939 or Older 37.8

Types of Homes

TYPE OF Port Washington HOMES
Single-Family 67.8
Townhomes 2.9
Small Apt. Buildings 15.3
Apt. Complexes 14.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Port Washington HOMES
No Bedroom 1.33
1 Bedroom 12.21
2 Bedrooms 19.72
3 Bedrooms 38.16
4 Bedrooms 23.27
5 or more bedrooms 5.30

Popular Neighborhoods in Port Washington

Zip Codes in Port Washington, NY