Selden, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Selden Neighborhoods Since 2000




Selden, 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

Selden Housing Market Information

With a population of 19,977, 6,211 total housing units (homes and apartments), and a median house value of $321,949, real estate costs in Selden 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 Selden, accounting for 82.37% of the town's housing units. Other types of housing that are prevalent in Selden include large apartment complexes or high rise apartments ( 7.70%), duplexes, homes converted to apartments or other small apartment buildings ( 7.05%), and a few row houses and other attached homes ( 2.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Selden. Owner-occupied housing accounts for 77.69% of Selden's homes, and 68.44% 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. Selden's housing was primarily built during this period, from the '40s through the '60s. A full 54.80% of the town's housing hails from this era. Other housing ages represented in Selden include homes built between 1970-1999 ( 37.65%) and housing constructed before 1939 ( 4.23%). There's also some housing in Selden built between 2000 and later ( 3.32%).

Selden Home Appreciation Rates

Homes have actually lost value in Selden over the last then years, as home values have seen a decline of 23.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Selden home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Selden appreciation rates have trailed the rest of the nation. In the last twelve months, Selden's appreciation rate has been 1.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Selden were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Selden's latest annual appreciation rate is lower 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 Selden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Selden - 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 Selden real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$321,949

Selden, NY HOME PRICES

Value Range
> $1,081,000 0.3
$811,001 - $1,081,000 0.0
$541,001 - $811,000 1.4
$432,001 - $541,000 8.4
$324,001 - $432,000 38.8
$216,001 - $324,000 44.3
$108,001 - $216,000 4.0
$54,001 - $108,000 0.3
$0 - $54,000 2.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
14.3794679479667 30.4152637485971

Number Of Homes And Apartments:
6,211

Selden 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
56.79% 2.64% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,354 / per month

Homeownership Rate

Homeownership
Owners 77.69
Renters 22.31
Vacant 6.57

Housing Market Details

 

Age of Homes

AGE OF Selden HOMES
2000 or Newer 3.3
1970 - 1999 37.7
1940 - 1969 54.8
1939 or Older 4.2

Types of Homes

TYPE OF Selden HOMES
Single-Family 82.4
Townhomes 2.8
Small Apt. Buildings 7.1
Apt. Complexes 7.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Selden HOMES
No Bedroom 2.06
1 Bedroom 9.48
2 Bedrooms 12.08
3 Bedrooms 46.01
4 Bedrooms 22.43
5 or more bedrooms 7.94