West Babylon, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West Babylon Neighborhoods Since 2000




West Babylon, 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

West Babylon Housing Market Information

With a population of 43,351, 13,824 total housing units (homes and apartments), and a median house value of $367,935, real estate costs in West Babylon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in West Babylon, accounting for 78.41% of the town's housing units. Other types of housing that are prevalent in West Babylon include duplexes, homes converted to apartments or other small apartment buildings ( 10.96%), large apartment complexes or high rise apartments ( 8.74%), and a few row houses and other attached homes ( 1.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Babylon. Owner-occupied housing accounts for 74.31% of West Babylon's homes, and 61.24% 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. West Babylon's housing was primarily built during this period, from the '40s through the '60s. A full 67.64% of the town's housing hails from this era. Other housing ages represented in West Babylon include homes built between 1970-1999 ( 22.88%) and housing constructed before 1939 ( 6.34%). There's also some housing in West Babylon built between 2000 and later ( 3.14%).

West Babylon Home Appreciation Rates

West Babylon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Babylon during the period has been just -1.81%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, West Babylon's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, West Babylon's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that West Babylon'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 West Babylon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Babylon - 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 West Babylon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$367,935

West Babylon, NY HOME PRICES

Value Range
> $1,097,000 0.5
$823,001 - $1,097,000 0.4
$548,001 - $823,000 4.6
$439,001 - $548,000 13.9
$329,001 - $439,000 49.9
$219,001 - $329,000 23.0
$110,001 - $219,000 4.7
$55,001 - $110,000 0.8
$0 - $55,000 2.1

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.0160553146607 26.5993265993266

Number Of Homes And Apartments:
13,824

West Babylon 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
68.20% 3.06% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,925 / per month

Homeownership Rate

Homeownership
Owners 74.31
Renters 25.69
Vacant 4.75

Housing Market Details

 

Age of Homes

AGE OF West Babylon HOMES
2000 or Newer 3.1
1970 - 1999 22.9
1940 - 1969 67.6
1939 or Older 6.3

Types of Homes

TYPE OF West Babylon HOMES
Single-Family 78.4
Townhomes 1.8
Small Apt. Buildings 11.0
Apt. Complexes 8.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF West Babylon HOMES
No Bedroom 1.10
1 Bedroom 12.56
2 Bedrooms 15.15
3 Bedrooms 37.06
4 Bedrooms 24.19
5 or more bedrooms 9.95