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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 36,714 people, 9,749 houses or apartments, and a median cost of homes of $511,632, Central Islip real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Central Islip, accounting for 68.11% of the town's housing units. Other types of housing that are prevalent in Central Islip include row houses and other attached homes ( 15.17%), large apartment complexes or high rise apartments ( 11.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Central Islip. Owner-occupied housing accounts for 73.87% of Central Islip's homes, and 54.71% 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. Central Islip's housing was primarily built during this period, from the '40s through the '60s. A full 49.40% of the town's housing hails from this era. Other housing ages represented in Central Islip include homes built between 1970-1999 ( 39.37%) and housing constructed between 2000 and later ( 9.36%). There's also some housing in Central Islip built before 1939 ( 1.87%).
In the last 10 years, Central Islip has experienced some of the highest home appreciation rates of any community in the nation. Central Islip real estate appreciated 142.67% over the last ten years, which is an average annual home appreciation rate of 9.27%, putting Central Islip in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Central Islip definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Central Islip that despite a nationwide downturn in the housing market, Central Islip real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Central Islip appreciation rates continue to be some of the highest in America, at 10.21%, which is higher than appreciation rates in 88.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Central Islip. Central Islip appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Central Islip's latest annual appreciation rate is higher than 80% 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 Central Islip differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Central Islip - 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 Central Islip real estate investment or home purchase decisions.
$511,632
for New york
for nation
9,749
$4,734 / per month