Wantagh, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wantagh Neighborhoods Since 2000




Wantagh, NY Real Estate Data


Wantagh Housing Market Information

With a population of 19,134, 5,957 total housing units (homes and apartments), and a median house value of $526,404, Wantagh house prices are not only among the most expensive in New York, Wantagh 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 Wantagh, accounting for 95.23% of the town's housing units. Other types of housing that are prevalent in Wantagh include duplexes, homes converted to apartments or other small apartment buildings ( 2.05%), large apartment complexes or high rise apartments ( 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 Wantagh. Owner-occupied housing accounts for 95.94% of Wantagh's homes, and 83.51% 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. Wantagh's housing was primarily built during this period, from the '40s through the '60s. A full 78.83% of the town's housing hails from this era. Other housing ages represented in Wantagh include homes built before 1939 ( 9.19%) and housing constructed between 1970-1999 ( 7.55%). There's also some housing in Wantagh built between 2000 and later ( 4.43%).

Wantagh Home Appreciation Rates

Wantagh's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wantagh during the period has been just -0.71%, which is lower than 70% of US communities.

Over the last year, Wantagh appreciation rates have trailed the rest of the nation. In the last twelve months, Wantagh's appreciation rate has been 4.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wantagh were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Wantagh's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Wantagh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wantagh - 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 Wantagh real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$526,404

Wantagh, NY HOME PRICES

Value Range
> $1,127,000 1.9
$845,001 - $1,127,000 3.3
$564,001 - $845,000 31.9
$451,001 - $564,000 36.5
$338,001 - $451,000 21.8
$226,001 - $338,000 2.6
$113,001 - $226,000 0.0
$57,001 - $113,000 0.5
$0 - $57,000 1.7

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.48105639163788 15.4882154882155

Number Of Homes And Apartments:
5,957

Rent & Ownership

 

Average Market Rent:
$2,071 / per month

Homeownership Rate

Homeownership
Owners 95.94
Renters 4.06
Vacant 3.95

Housing Market Details

 

Age of Homes

AGE OF Wantagh HOMES
2000 or Newer 4.4
1970 - 1999 7.5
1940 - 1969 78.8
1939 or Older 9.2

Types of Homes

TYPE OF Wantagh HOMES
Single-Family 95.2
Townhomes 0.8
Small Apt. Buildings 2.0
Apt. Complexes 1.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Wantagh HOMES
No Bedroom 0.00
1 Bedroom 1.76
2 Bedrooms 8.40
3 Bedrooms 45.61
4 Bedrooms 37.89
5 or more bedrooms 6.34

Wantagh 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
65.59% 3.01% 7 8
* 10 is highest