Southampton, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Southampton Neighborhoods Since 2000




Southampton, 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

Southampton Housing Market Information

With 3,265 people, 1,320 houses or apartments, and a median cost of homes of $1,756,343, Southampton house prices are not only among the most expensive in New York, Southampton real estate also is some of the most expensive in all of America.

Southampton is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Southampton 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 Southampton. Owner-occupied housing accounts for 66.58% of Southampton's homes, and 60.48% have either three or four bedrooms, which is average sized relative to America.

The housing in Southampton was primarily built before 1939 ( 35.40%), making the housing stock in Southampton some of the oldest overall in America, although there is a range of ages of homes in Southampton. The next most important housing age is between 1970-1999 ( 31.57%), followed by between 1940-1969 ( 27.96%). There's also some housing in Southampton built between 2000 and later ( 5.07%).

A decent proportion of the Southampton housing stock is seasonally occupied. That is, homes and condos in Southampton are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Southampton housing market speaks to its popularity as a vacation location of choice.

Southampton Home Appreciation Rates

Appreciation rates for homes in Southampton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.09%, which ranks in the top 40% nationwide. This equates to an annual average Southampton house appreciation rate of 0.78%.

NeighborhoodScout's data show that during the latest twelve months, Southampton's appreciation rate, at 3.59%, has been at or slightly above the national average. In the latest quarter, Southampton's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$1,756,343

Southampton, NY HOME PRICES

Value Range
> $1,124,000 52.5
$843,001 - $1,124,000 26.6
$562,001 - $843,000 9.4
$450,001 - $562,000 0.0
$337,001 - $450,000 4.4
$225,001 - $337,000 0.9
$113,001 - $225,000 2.8
$56,001 - $113,000 2.6
$0 - $56,000 0.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.263682175084964 0.897867564534231

Number Of Homes And Apartments:
1,320

Southampton 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
130.22% 4.95% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,196 / per month

Homeownership Rate

Homeownership
Owners 66.58
Renters 33.42
Vacant 58.16

Housing Market Details

 

Age of Homes

AGE OF Southampton HOMES
2000 or Newer 5.1
1970 - 1999 31.6
1940 - 1969 28.0
1939 or Older 35.4

Types of Homes

TYPE OF Southampton HOMES
Single-Family 84.9
Townhomes 3.1
Small Apt. Buildings 6.0
Apt. Complexes 6.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Southampton HOMES
No Bedroom 2.28
1 Bedroom 8.72
2 Bedrooms 9.32
3 Bedrooms 27.16
4 Bedrooms 33.31
5 or more bedrooms 19.21