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 11,623, 3,860 total housing units (homes and apartments), and a median house value of $754,088, Mount Sinai house prices are not only among the most expensive in New York, Mount Sinai 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 Mount Sinai, accounting for 80.59% of the town's housing units. Other types of housing that are prevalent in Mount Sinai include row houses and other attached homes ( 12.20%), duplexes, homes converted to apartments or other small apartment buildings ( 6.00%), and a few large apartment complexes or high rise apartments ( 1.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Sinai. Owner-occupied housing accounts for 96.46% of Mount Sinai's homes, and 65.68% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mount Sinai 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 Mount Sinai built between 2000 and later ( 33.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.16%). There's also some housing in Mount Sinai built before 1939 ( 6.99%).
Mount Sinai's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Sinai during the period has been just 5.57%, which is lower than 70% of US communities.
Appreciation rates are so strong in Mount Sinai that despite a nationwide downturn in the housing market, Mount Sinai real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Sinai appreciation rates continue to be some of the highest in America, at 9.26%, which is higher than appreciation rates in 82.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Sinai. Mount Sinai 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 Mount Sinai's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$754,088
for New york
for nation
3,860
$4,865 / per month