Syosset, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Syosset Neighborhoods Since 2000




Syosset, NY Real Estate Data


Syosset Housing Market Information

With a population of 19,114, 6,172 total housing units (homes and apartments), and a median house value of $717,932, Syosset house prices are not only among the most expensive in New York, Syosset 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 Syosset, accounting for 90.44% of the town's housing units. Other types of housing that are prevalent in Syosset include row houses and other attached homes ( 4.83%), large apartment complexes or high rise apartments ( 2.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Syosset. Owner-occupied housing accounts for 90.52% of Syosset's homes, and 80.89% 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. Syosset's housing was primarily built during this period, from the '40s through the '60s. A full 79.30% of the town's housing hails from this era. Other housing ages represented in Syosset include homes built between 1970-1999 ( 13.46%) and housing constructed before 1939 ( 5.86%). There's also some housing in Syosset built between 2000 and later ( 1.38%).

Syosset Home Appreciation Rates

Real estate appreciation rates in Syosset's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.13% during the period.

Over the last year, Syosset appreciation rates have trailed the rest of the nation. In the last twelve months, Syosset's appreciation rate has been 4.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Syosset were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Syosset's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$717,932

Syosset, NY HOME PRICES

Value Range
> $1,156,000 5.5
$867,001 - $1,156,000 13.2
$578,001 - $867,000 56.4
$463,001 - $578,000 15.8
$347,001 - $463,000 4.3
$231,001 - $347,000 1.9
$116,001 - $231,000 0.6
$58,001 - $116,000 0.8
$0 - $58,000 1.4

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
2.68196990103648 7.9685746352413

Number Of Homes And Apartments:
6,172

Rent & Ownership

 

Average Market Rent:
$2,494 / per month

Homeownership Rate

Homeownership
Owners 90.52
Renters 9.48
Vacant 2.03

Housing Market Details

 

Age of Homes

AGE OF Syosset HOMES
2000 or Newer 1.4
1970 - 1999 13.5
1940 - 1969 79.3
1939 or Older 5.9

Types of Homes

TYPE OF Syosset HOMES
Single-Family 90.4
Townhomes 4.8
Small Apt. Buildings 2.1
Apt. Complexes 2.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Syosset HOMES
No Bedroom 1.32
1 Bedroom 1.54
2 Bedrooms 6.73
3 Bedrooms 49.76
4 Bedrooms 31.13
5 or more bedrooms 9.52

Syosset Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
81.02% 3.55% 9 9
* 10 is highest