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 21,355, 7,358 total housing units (homes and apartments), and a median house value of $826,247, Massapequa house prices are not only among the most expensive in New York, Massapequa real estate also is some of the most expensive in all of America.
Massapequa is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Massapequa 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 Massapequa. Owner-occupied housing accounts for 96.04% of Massapequa's homes, and 79.13% 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. Massapequa's housing was primarily built during this period, from the '40s through the '60s. A full 79.87% of the town's housing hails from this era. Other housing ages represented in Massapequa include homes built before 1939 ( 8.20%) and housing constructed between 1970-1999 ( 8.11%). There's also some housing in Massapequa built between 2000 and later ( 3.81%).
Real estate appreciation rates in Massapequa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.72% during the period.
NeighborhoodScout's data show that during the latest twelve months, Massapequa's appreciation rate, at 11.01%, has been at or slightly above the national average. In the latest quarter, Massapequa's appreciation rate has been 4.32%, which annualizes to a rate of 18.45%.
Relative to New York, our data show that Massapequa's latest annual appreciation rate is lower than 50% 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 town. Individual neighborhoods within Massapequa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Massapequa - 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 Massapequa real estate investment or home purchase decisions.
$826,247
for New york
for nation
7,358
$4,493 / per month