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 18,066, 4,525 total housing units (homes and apartments), and a median house value of $625,370, real estate costs in Roosevelt 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 Roosevelt, accounting for 84.45% of the town's housing units. Other types of housing that are prevalent in Roosevelt include duplexes, homes converted to apartments or other small apartment buildings ( 14.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roosevelt. Owner-occupied housing accounts for 75.65% of Roosevelt's homes, and 78.52% 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. Roosevelt's housing was primarily built during this period, from the '40s through the '60s. A full 53.57% of the town's housing hails from this era. Other housing ages represented in Roosevelt include homes built before 1939 ( 30.71%) and housing constructed between 1970-1999 ( 12.78%). There's also some housing in Roosevelt built between 2000 and later ( 2.93%).
In the last 10 years, Roosevelt has experienced some of the highest home appreciation rates of any community in the nation. Roosevelt real estate appreciated 146.74% over the last ten years, which is an average annual home appreciation rate of 9.45%, putting Roosevelt in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Roosevelt definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Roosevelt that despite a nationwide downturn in the housing market, Roosevelt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roosevelt appreciation rates continue to be some of the highest in America, at 12.53%, which is higher than appreciation rates in 94.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roosevelt. Roosevelt 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 Roosevelt's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$625,370
for New york
for nation
4,525
$5,404 / per month