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 a population of 5,323, 1,723 total housing units (homes and apartments), and a median house value of $629,107, real estate costs in Islip Terrace 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 Islip Terrace, accounting for 92.95% of the town's housing units. Other types of housing that are prevalent in Islip Terrace include duplexes, homes converted to apartments or other small apartment buildings ( 3.11%), row houses and other attached homes ( 2.84%), and a few large apartment complexes or high rise apartments ( 1.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Islip Terrace. Owner-occupied housing accounts for 88.55% of Islip Terrace's homes, and 83.66% 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. Islip Terrace's housing was primarily built during this period, from the '40s through the '60s. A full 53.88% of the town's housing hails from this era. Other housing ages represented in Islip Terrace include homes built before 1939 ( 18.96%) and housing constructed between 1970-1999 ( 17.98%). There's also some housing in Islip Terrace built between 2000 and later ( 9.18%).
Appreciation rates for homes in Islip Terrace have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.65%, which ranks in the top 50% nationwide. This equates to an annual average Islip Terrace house appreciation rate of 6.67%.
Appreciation rates are so strong in Islip Terrace that despite a nationwide downturn in the housing market, Islip Terrace real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Islip Terrace appreciation rates continue to be some of the highest in America, at 9.94%, which is higher than appreciation rates in 87.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Islip Terrace. Islip Terrace 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 Islip Terrace's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$629,107
for New york
for nation
1,723
$5,799 / per month