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 521 people, 197 houses or apartments, and a median cost of homes of $692,514, Shoreham house prices are not only among the most expensive in New York, Shoreham real estate also is some of the most expensive in all of America.
Shoreham is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Shoreham than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shoreham. Owner-occupied housing accounts for 94.92% of Shoreham's homes, and 82.05% have either three or four bedrooms, which is average sized relative to America.
The housing in Shoreham was primarily built before 1939 ( 38.03%), making the housing stock in Shoreham some of the oldest overall in America, although there is a range of ages of homes in Shoreham. The next most important housing age is between 1940-1969 ( 30.34%), followed by between 1970-1999 ( 27.35%). There's also some housing in Shoreham built between 2000 and later ( 4.27%).
Vacant housing appears to be an issue in Shoreham. Fully 15.81% of the housing stock is classified as vacant. Left unchecked, vacant Shoreham homes and apartments can be a drag on the real estate market, holding Shoreham real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Shoreham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shoreham during the period has been just 5.73%, which is lower than 70% of US communities.
Appreciation rates are so strong in Shoreham that despite a nationwide downturn in the housing market, Shoreham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shoreham appreciation rates continue to be some of the highest in America, at 8.52%, which is higher than appreciation rates in 75.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shoreham. Shoreham 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 Shoreham's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$692,514
$5,815 / per month