Syosset, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Syosset Neighborhoods Since 2000




Syosset, 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

Syosset Housing Market Information

With a population of 19,114, 6,227 total housing units (homes and apartments), and a median house value of $745,276, 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 90.39% of the town's housing units. Other types of housing that are prevalent in Syosset include row houses and other attached homes ( 5.03%), large apartment complexes or high rise apartments ( 2.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.81%).

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 89.64% of Syosset's homes, and 79.72% 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 79.28% of the town's housing hails from this era. Other housing ages represented in Syosset include homes built between 1970-1999 ( 12.94%) and housing constructed before 1939 ( 5.94%). There's also some housing in Syosset built between 2000 and later ( 1.84%).

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 0.95%, which ranks in the top 50% nationwide. This equates to an annual average Syosset house appreciation rate of 0.09%.

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 2.75%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Syosset's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$745,276

Syosset, NY HOME PRICES

Value Range
> $1,127,000 6.0
$846,001 - $1,127,000 14.3
$564,001 - $846,000 54.5
$451,001 - $564,000 16.2
$338,001 - $451,000 5.1
$225,001 - $338,000 1.4
$113,001 - $225,000 0.6
$56,001 - $113,000 0.5
$0 - $56,000 1.4

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
2.2911051212938 6.73400673400673

Number Of Homes And Apartments:
6,227

Syosset 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
73.94% 3.26% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,570 / per month

Homeownership Rate

Homeownership
Owners 89.64
Renters 10.36
Vacant 2.09

Housing Market Details

 

Age of Homes

AGE OF Syosset HOMES
2000 or Newer 1.8
1970 - 1999 12.9
1940 - 1969 79.3
1939 or Older 5.9

Types of Homes

TYPE OF Syosset HOMES
Single-Family 90.4
Townhomes 5.0
Small Apt. Buildings 1.8
Apt. Complexes 2.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Syosset HOMES
No Bedroom 1.16
1 Bedroom 2.04
2 Bedrooms 7.36
3 Bedrooms 49.31
4 Bedrooms 30.41
5 or more bedrooms 9.72