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 21,225, 8,427 total housing units (homes and apartments), and a median house value of $694,650, Mineola house prices are not only among the most expensive in New York, Mineola 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 Mineola, accounting for 55.67% of the village's housing units. Other types of housing that are prevalent in Mineola include large apartment complexes or high rise apartments ( 32.54%), duplexes, homes converted to apartments or other small apartment buildings ( 10.60%), and a few row houses and other attached homes ( 1.05%).
People in Mineola primarily live in small (one, two or no bedroom) single-family detached homes. Mineola has a mixture of owner-occupied and renter-occupied housing.
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. Mineola's housing was primarily built during this period, from the '40s through the '60s. A full 55.84% of the village's housing hails from this era. Other housing ages represented in Mineola include homes built before 1939 ( 25.99%) and housing constructed between 2000 and later ( 9.54%). There's also some housing in Mineola built between 1970-1999 ( 8.63%).
Mineola's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mineola during the period has been just 5.43%, which is lower than 70% of US communities.
Appreciation rates are so strong in Mineola that despite a nationwide downturn in the housing market, Mineola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mineola appreciation rates continue to be some of the highest in America, at 8.92%, which is higher than appreciation rates in 80.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mineola. Mineola 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 Mineola's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$694,650
for New york
for nation
8,427
$4,783 / per month