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 Q3 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

Port Washington Housing Market Information

With a population of 16,069, 5,749 total housing units (homes and apartments), and a median house value of $883,239, 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 67.68% of the town's housing units. Other types of housing that are prevalent in Port Washington include large apartment complexes or high rise apartments ( 15.74%), duplexes, homes converted to apartments or other small apartment buildings ( 14.12%), and a few row houses and other attached homes ( 2.46%).

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 69.55% of Port Washington's homes, and 60.41% 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 45.38% of the town's housing hails from this era. Other housing ages represented in Port Washington include homes built before 1939 ( 35.13%) and housing constructed between 2000 and later ( 11.89%). There's also some housing in Port Washington built between 1970-1999 ( 7.60%).

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 33.27%, which ranks in the top 30% nationwide. This equates to an annual average Port Washington house appreciation rate of 2.91%.

Over the last year, Port Washington appreciation rates have trailed the rest of the nation. In the last twelve months, Port Washington'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 Washington were at 0.47%, which equates to an annual appreciation rate of 1.88%.

Notably, Port Washington's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$883,239

Port Washington, NY HOME PRICES

Value Range
> $1,195,000 20.8
$897,001 - $1,195,000 33.5
$598,001 - $897,000 32.5
$478,001 - $598,000 8.6
$358,001 - $478,000 1.8
$239,001 - $358,000 0.4
$120,001 - $239,000 1.0
$60,001 - $120,000 0.8
$0 - $60,000 0.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.8043795620438 5.55555555555556

Number Of Homes And Apartments:
5,749

Port Washington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q3
99.18% 3.55%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,793 / per month

Homeownership Rate

Homeownership
Owners 69.55
Renters 30.45
Vacant 8.77

Housing Market Details

 

Age of Homes

AGE OF Port Washington HOMES
2000 or Newer 11.9
1970 - 1999 7.6
1940 - 1969 45.4
1939 or Older 35.1

Types of Homes

TYPE OF Port Washington HOMES
Single-Family 67.7
Townhomes 2.5
Small Apt. Buildings 14.1
Apt. Complexes 15.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Port Washington HOMES
No Bedroom 2.16
1 Bedroom 12.44
2 Bedrooms 19.66
3 Bedrooms 34.59
4 Bedrooms 25.82
5 or more bedrooms 5.33

Popular Neighborhoods in Port Washington

Zip Codes in Port Washington, NY