Syosset, NY Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Syosset, NY Housing Market Trends

With 19,114 people, 6,170 houses or apartments, and a median cost of homes of $755,448, 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 90.72% of the town's housing units. Other types of housing that are prevalent in Syosset include row houses and other attached homes ( 3.96%), duplexes, homes converted to apartments or other small apartment buildings ( 3.21%), and a few large apartment complexes or high rise apartments ( 1.93%).

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 90.51% of Syosset's homes, and 81.02% 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 72.29% of the town's housing hails from this era. Other housing ages represented in Syosset include homes built between 1970-1999 ( 17.52%) and housing constructed before 1939 ( 5.86%). There's also some housing in Syosset built between 2000 and later ( 4.33%).

Syosset Home Appreciation Rates

Appreciation rates for homes in Syosset have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.07%, which ranks in the top 50% nationwide. This equates to an annual average Syosset house appreciation rate of 3.65%.

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 7.10%, 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 3.14%, which equates to an annual appreciation rate of 13.15%.

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

Average Home Values

 

Median Home Value:
$755,448

Syosset, NY HOME PRICES

> $1,194,000
7.7%
7.7%
$895,001 - $1,194,000
23.9%
23.9%
$597,001 - $895,000
54.1%
54.1%
$477,001 - $597,000
9.7%
9.7%
$358,001 - $477,000
2.6%
2.6%
$239,001 - $358,000
0.4%
0.4%
$120,001 - $239,000
0.3%
0.3%
$60,001 - $120,000
0.4%
0.4%
$0 - $60,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
6,170

Syosset Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
118.16% 3.69%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,667 / per month

Homeownership Rate

Owners
90.5%
90.5%
Renters
9.5%
9.5%
Vacant
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.3%
4.3%
1970 - 1999
17.5%
17.5%
1940 - 1969
72.3%
72.3%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
90.7%
90.7%
Townhomes
4.0%
4.0%
Small Apt. Buildings
3.2%
3.2%
Apt. Complexes
1.9%
1.9%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
2.2%
2.2%
2 Bedrooms
5.3%
5.3%
3 Bedrooms
49.0%
49.0%
4 Bedrooms
32.0%
32.0%
5 or more bedrooms
10.4%
10.4%
0.0% 100.0%
% OF HOMES