Ronkonkoma, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ronkonkoma Neighborhoods Since 2000




Ronkonkoma, 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

Ronkonkoma Housing Market Information

With a population of 19,152, 6,287 total housing units (homes and apartments), and a median house value of $364,326, real estate costs in Ronkonkoma 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 Ronkonkoma, accounting for 77.60% of the town's housing units. Other types of housing that are prevalent in Ronkonkoma include large apartment complexes or high rise apartments ( 10.53%), duplexes, homes converted to apartments or other small apartment buildings ( 9.03%), and a few row houses and other attached homes ( 2.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ronkonkoma. Owner-occupied housing accounts for 77.80% of Ronkonkoma's homes, and 61.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ronkonkoma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ronkonkoma built between 1940-1969 ( 41.39%). A lesser amount of the housing stock also hails from before 1939 ( 6.84%). There's also some housing in Ronkonkoma built between 2000 and later ( 2.47%).

Ronkonkoma Home Appreciation Rates

Ronkonkoma's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ronkonkoma during the period has been just -1.92%, which is lower than 80% of US communities.

Over the last year, Ronkonkoma appreciation rates have trailed the rest of the nation. In the last twelve months, Ronkonkoma's appreciation rate has been 2.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ronkonkoma were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Ronkonkoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ronkonkoma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ronkonkoma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$364,326

Ronkonkoma, NY HOME PRICES

Value Range
> $1,072,000 0.1
$804,001 - $1,072,000 0.2
$536,001 - $804,000 4.7
$428,001 - $536,000 13.2
$321,001 - $428,000 53.2
$214,001 - $321,000 21.5
$107,001 - $214,000 3.5
$54,001 - $107,000 0.6
$0 - $54,000 3.0

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.244579866401 26.8237934904602

Number Of Homes And Apartments:
6,287

Ronkonkoma 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
63.44% 2.89% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,136 / per month

Homeownership Rate

Homeownership
Owners 77.80
Renters 22.20
Vacant 3.08

Housing Market Details

 

Age of Homes

AGE OF Ronkonkoma HOMES
2000 or Newer 2.5
1970 - 1999 49.3
1940 - 1969 41.4
1939 or Older 6.8

Types of Homes

TYPE OF Ronkonkoma HOMES
Single-Family 77.6
Townhomes 2.1
Small Apt. Buildings 9.0
Apt. Complexes 10.5
Mobile Homes 0.4
Other 0.4

Home Size

SIZE OF Ronkonkoma HOMES
No Bedroom 1.56
1 Bedroom 13.47
2 Bedrooms 14.88
3 Bedrooms 37.66
4 Bedrooms 23.76
5 or more bedrooms 8.68