Staten Island, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Staten Island Neighborhoods Since 2000




Staten Island, 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

Staten Island Housing Market Information

With a population of 490,239, 165,784 total housing units (homes and apartments), and a median house value of $500,776, Staten Island house prices are not only among the most expensive in New York, Staten Island 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 Staten Island, accounting for 33.71% of the borough's housing units. Other types of housing that are prevalent in Staten Island include duplexes, homes converted to apartments or other small apartment buildings ( 27.39%), row houses and other attached homes ( 25.75%), and a few large apartment complexes or high rise apartments ( 12.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Staten Island. Owner-occupied housing accounts for 67.70% of Staten Island's homes, and 58.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Staten Island 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 Staten Island built between 1940-1969 ( 27.43%). A lesser amount of the housing stock also hails from before 1939 ( 19.53%). There's also some housing in Staten Island built between 2000 and later ( 10.55%).

Staten Island Home Appreciation Rates

Appreciation rates for homes in Staten Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.88%, which ranks in the top 50% nationwide. This equates to an annual average Staten Island house appreciation rate of 0.19%.

Appreciation rates are so strong in Staten Island that despite a nationwide downturn in the housing market, Staten Island real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Staten Island appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 71.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Staten Island. Staten Island 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 Staten Island's latest annual appreciation rate is higher than 80% 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 borough. Individual neighborhoods within Staten Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Staten Island - 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 Staten Island real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$500,776

Staten Island, NY HOME PRICES

Value Range
> $1,134,000 2.3
$851,001 - $1,134,000 4.9
$567,001 - $851,000 25.0
$454,001 - $567,000 23.6
$340,001 - $454,000 25.4
$227,001 - $340,000 12.0
$113,001 - $227,000 3.7
$57,001 - $113,000 0.9
$0 - $57,000 2.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.93577874135708 16.8350168350168

Number Of Homes And Apartments:
165,784

Staten Island 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
88.75% 3.75% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,698 / per month

Homeownership Rate

Homeownership
Owners 67.70
Renters 32.30
Vacant 6.93

Housing Market Details

 

Age of Homes

AGE OF Staten Island HOMES
2000 or Newer 10.6
1970 - 1999 42.5
1940 - 1969 27.4
1939 or Older 19.5

Types of Homes

TYPE OF Staten Island HOMES
Single-Family 33.7
Townhomes 25.8
Small Apt. Buildings 27.4
Apt. Complexes 12.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Staten Island HOMES
No Bedroom 2.38
1 Bedroom 14.88
2 Bedrooms 20.83
3 Bedrooms 45.45
4 Bedrooms 12.77
5 or more bedrooms 3.69