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 15,734, 5,186 total housing units (homes and apartments), and a median house value of $718,286, Westbury house prices are not only among the most expensive in New York, Westbury 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 Westbury, accounting for 73.01% of the village's housing units. Other types of housing that are prevalent in Westbury include large apartment complexes or high rise apartments ( 13.28%), duplexes, homes converted to apartments or other small apartment buildings ( 12.59%), and a few row houses and other attached homes ( 1.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westbury. Owner-occupied housing accounts for 81.33% of Westbury's homes, and 59.99% 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. Westbury's housing was primarily built during this period, from the '40s through the '60s. A full 59.36% of the village's housing hails from this era. Other housing ages represented in Westbury include homes built before 1939 ( 18.22%) and housing constructed between 1970-1999 ( 12.56%). There's also some housing in Westbury built between 2000 and later ( 9.86%).
Appreciation rates for homes in Westbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.29%, which ranks in the top 50% nationwide. This equates to an annual average Westbury house appreciation rate of 6.70%.
Appreciation rates are so strong in Westbury that despite a nationwide downturn in the housing market, Westbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westbury appreciation rates continue to be some of the highest in America, at 10.30%, which is higher than appreciation rates in 88.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westbury. Westbury 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 Westbury's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Westbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Westbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Westbury real estate investment or home purchase decisions.
$718,286
for New york
for nation
5,186
$4,880 / per month