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 4,615, 1,701 total housing units (homes and apartments), and a median house value of $2,035,055, Southampton house prices are not only among the most expensive in New York, Southampton 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 Southampton, accounting for 86.46% of the village's housing units. Other types of housing that are prevalent in Southampton include duplexes, homes converted to apartments or other small apartment buildings ( 5.30%), large apartment complexes or high rise apartments ( 4.33%), and a few row houses and other attached homes ( 3.14%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southampton. Owner-occupied housing accounts for 78.55% of Southampton's homes, and 57.70% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Southampton 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 Southampton built before 1939 ( 23.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.20%). There's also some housing in Southampton built between 1940-1969 ( 21.68%).
A decent proportion of the Southampton housing stock is seasonally occupied. That is, homes and condos in Southampton 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 Southampton housing market speaks to its popularity as a vacation location of choice.
Real estate appreciation rates in Southampton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.73% during the period.
Over the last year, Southampton appreciation rates have trailed the rest of the nation. In the last twelve months, Southampton's appreciation rate has been 3.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Southampton were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Southampton's latest annual appreciation rate is lower 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 Southampton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Southampton - 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 Southampton real estate investment or home purchase decisions.
$2,035,055
$5,786 / per month