Shoreham, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shoreham Neighborhoods Since 2000




Shoreham, 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

Shoreham Housing Market Information

With 535 people, 168 houses or apartments, and a median cost of homes of $487,966, Shoreham house prices are not only among the most expensive in New York, Shoreham real estate also is some of the most expensive in all of America.

Shoreham is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Shoreham than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shoreham. Owner-occupied housing accounts for 97.62% of Shoreham's homes, and 74.63% have either three or four bedrooms, which is average sized relative to America.

The housing in Shoreham was primarily built before 1939 ( 44.39%), making the housing stock in Shoreham some of the oldest overall in America, although there is a range of ages of homes in Shoreham. The next most important housing age is between 1940-1969 ( 26.83%), followed by between 1970-1999 ( 23.41%). There's also some housing in Shoreham built between 2000 and later ( 5.37%).

Vacant housing appears to be an issue in Shoreham. Fully 18.05% of the housing stock is classified as vacant. Left unchecked, vacant Shoreham homes and apartments can be a drag on the real estate market, holding Shoreham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Shoreham Home Appreciation Rates

Shoreham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shoreham during the period has been just -1.51%, which is lower than 80% of US communities.

Appreciation rates are so strong in Shoreham that despite a nationwide downturn in the housing market, Shoreham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shoreham appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 83.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shoreham. Shoreham appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Shoreham's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$487,966

Shoreham, NY HOME PRICES

Value Range
> $1,110,000 1.8
$833,001 - $1,110,000 4.9
$555,001 - $833,000 22.5
$444,001 - $555,000 32.1
$333,001 - $444,000 32.2
$222,001 - $333,000 3.8
$111,001 - $222,000 0.9
$55,001 - $111,000 0.6
$0 - $55,000 1.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.23461853978671 18.0695847362514

Number Of Homes And Apartments:
168

Shoreham 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
57.33% 2.66% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,906 / per month

Homeownership Rate

Homeownership
Owners 97.62
Renters 2.38
Vacant 18.05

Housing Market Details

 

Age of Homes

AGE OF Shoreham HOMES
2000 or Newer 5.4
1970 - 1999 23.4
1940 - 1969 26.8
1939 or Older 44.4

Types of Homes

TYPE OF Shoreham HOMES
Single-Family 98.0
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 1.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Shoreham HOMES
No Bedroom 0.98
1 Bedroom 5.37
2 Bedrooms 2.93
3 Bedrooms 24.88
4 Bedrooms 49.76
5 or more bedrooms 16.10