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 16,873, 5,837 total housing units (homes and apartments), and a median house value of $817,931, Massapequa Park house prices are not only among the most expensive in New York, Massapequa Park 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 Massapequa Park, accounting for 95.24% of the village's housing units. Other types of housing that are prevalent in Massapequa Park include row houses and other attached homes ( 2.85%), large apartment complexes or high rise apartments ( 1.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Massapequa Park. Owner-occupied housing accounts for 98.01% of Massapequa Park's homes, and 79.86% 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. Massapequa Park's housing was primarily built during this period, from the '40s through the '60s. A full 85.96% of the village's housing hails from this era. Other housing ages represented in Massapequa Park include homes built between 1970-1999 ( 7.91%) and housing constructed between 2000 and later ( 3.32%). There's also some housing in Massapequa Park built before 1939 ( 2.82%).
Massapequa Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Massapequa Park during the period has been just 5.43%, which is lower than 70% of US communities.
Appreciation rates are so strong in Massapequa Park that despite a nationwide downturn in the housing market, Massapequa Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Massapequa Park appreciation rates continue to be some of the highest in America, at 8.08%, which is higher than appreciation rates in 71.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Massapequa Park. Massapequa Park 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 Massapequa Park's latest annual appreciation rate is higher than 60% 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 village. Individual neighborhoods within Massapequa Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massapequa Park - 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 Massapequa Park real estate investment or home purchase decisions.
$817,931
for New york
for nation
5,837
$5,077 / per month