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 3,437 people, 1,189 houses or apartments, and a median cost of homes of $1,587,049, Cutchogue house prices are not only among the most expensive in New York, Cutchogue 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 Cutchogue, accounting for 97.23% of the town's housing units. Other types of housing that are prevalent in Cutchogue include duplexes, homes converted to apartments or other small apartment buildings ( 2.57%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cutchogue. Owner-occupied housing accounts for 87.92% of Cutchogue's homes, and 75.95% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cutchogue 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 Cutchogue built before 1939 ( 23.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.17%). There's also some housing in Cutchogue built between 2000 and later ( 19.53%).
A decent proportion of the Cutchogue housing stock is seasonally occupied. That is, homes and condos in Cutchogue are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Cutchogue housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Cutchogue have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.88%, which ranks in the top 40% nationwide. This equates to an annual average Cutchogue house appreciation rate of 7.17%.
Appreciation rates are so strong in Cutchogue that despite a nationwide downturn in the housing market, Cutchogue real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cutchogue appreciation rates continue to be some of the highest in America, at 9.38%, which is higher than appreciation rates in 83.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cutchogue. Cutchogue 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 Cutchogue's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$1,587,049
for New york
for nation
1,189
$4,309 / per month