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 3,026, 1,269 total housing units (homes and apartments), and a median house value of $369,259, Moriches real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Moriches, accounting for 43.29% of the town's housing units. Other types of housing that are prevalent in Moriches include single-family detached homes ( 38.82%), duplexes, homes converted to apartments or other small apartment buildings ( 11.47%), and a few row houses and other attached homes ( 6.42%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Moriches primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Moriches has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Moriches built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Moriches built between 2000 and later ( 30.74%). A lesser amount of the housing stock also hails from before 1939 ( 8.23%). There's also some housing in Moriches built between 1940-1969 ( 6.42%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Moriches, where house values have increased just 46.69%, which is annualized rate of 3.91%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Moriches that despite a nationwide downturn in the housing market, Moriches real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moriches appreciation rates continue to be some of the highest in America, at 8.72%, which is higher than appreciation rates in 78.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moriches. Moriches 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 Moriches's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$369,259
for New york
for nation
1,269
$4,284 / per month