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 27,997 people, 10,691 houses or apartments, and a median cost of homes of $836,020, Glen Cove house prices are not only among the most expensive in New York, Glen Cove 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 Glen Cove, accounting for 52.97% of the city's housing units. Other types of housing that are prevalent in Glen Cove include large apartment complexes or high rise apartments ( 22.49%), duplexes, homes converted to apartments or other small apartment buildings ( 18.94%), and a few row houses and other attached homes ( 5.27%).
The most prevalent building size and type in Glen Cove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.18% owning and 44.82% 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. Glen Cove's housing was primarily built during this period, from the '40s through the '60s. A full 48.31% of the city's housing hails from this era. Other housing ages represented in Glen Cove include homes built between 1970-1999 ( 22.54%) and housing constructed before 1939 ( 17.96%). There's also some housing in Glen Cove built between 2000 and later ( 11.19%).
Glen Cove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Cove during the period has been just 5.12%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Glen Cove's appreciation rate, at 6.53%, has been at or slightly above the national average. In the latest quarter, Glen Cove's appreciation rate has been 2.82%, which annualizes to a rate of 11.77%.
Relative to New York, our data show that Glen Cove's latest annual appreciation rate is lower than 50% 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 city. Individual neighborhoods within Glen Cove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Cove - 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 Glen Cove real estate investment or home purchase decisions.
$836,020
for New york
for nation
10,691
$4,783 / per month