Wyandanch, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wyandanch Neighborhoods Since 2000




Wyandanch, 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

Wyandanch Housing Market Information

With 11,684 people, 3,006 houses or apartments, and a median cost of homes of $281,226, Wyandanch real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wyandanch, accounting for 86.98% of the town's housing units. Other types of housing that are prevalent in Wyandanch include large apartment complexes or high rise apartments ( 6.61%), duplexes, homes converted to apartments or other small apartment buildings ( 4.34%), and a few row houses and other attached homes ( 1.50%).

The most prevalent building size and type in Wyandanch are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.39% owning and 36.61% renting.

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. Wyandanch's housing was primarily built during this period, from the '40s through the '60s. A full 49.76% of the town's housing hails from this era. Other housing ages represented in Wyandanch include homes built between 1970-1999 ( 27.50%) and housing constructed between 2000 and later ( 14.93%). There's also some housing in Wyandanch built before 1939 ( 7.81%).

Vacant housing appears to be an issue in Wyandanch. Fully 10.05% of the housing stock is classified as vacant. Left unchecked, vacant Wyandanch homes and apartments can be a drag on the real estate market, holding Wyandanch real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Wyandanch Home Appreciation Rates

Homes have actually lost value in Wyandanch over the last then years, as home values have seen a decline of 22.39% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wyandanch home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Appreciation rates are so strong in Wyandanch that despite a nationwide downturn in the housing market, Wyandanch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wyandanch appreciation rates continue to be some of the highest in America, at 7.91%, which is higher than appreciation rates in 86.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wyandanch. Wyandanch appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$281,226

Wyandanch, NY HOME PRICES

Value Range
> $1,188,000 0.7
$891,001 - $1,188,000 1.0
$594,001 - $891,000 4.4
$475,001 - $594,000 3.8
$356,001 - $475,000 23.3
$238,001 - $356,000 31.7
$118,001 - $238,000 32.1
$60,001 - $118,000 2.2
$0 - $60,000 0.9

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
18.340560178132 34.3434343434343

Number Of Homes And Apartments:
3,006

Wyandanch 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
67.38% 3.03% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,207 / per month

Homeownership Rate

Homeownership
Owners 63.39
Renters 36.61
Vacant 10.05

Housing Market Details

 

Age of Homes

AGE OF Wyandanch HOMES
2000 or Newer 14.9
1970 - 1999 27.5
1940 - 1969 49.8
1939 or Older 7.8

Types of Homes

TYPE OF Wyandanch HOMES
Single-Family 87.0
Townhomes 1.5
Small Apt. Buildings 4.3
Apt. Complexes 6.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Wyandanch HOMES
No Bedroom 0.00
1 Bedroom 7.33
2 Bedrooms 14.69
3 Bedrooms 35.82
4 Bedrooms 26.33
5 or more bedrooms 15.83