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 12,960, 4,850 total housing units (homes and apartments), and a median house value of $420,355, East Hampton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in East Hampton, accounting for 83.73% of the town's housing units. Other types of housing that are prevalent in East Hampton include duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), large apartment complexes or high rise apartments ( 3.38%), and a few row houses and other attached homes ( 2.56%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Hampton. Owner-occupied housing accounts for 87.32% of East Hampton's homes, and 69.93% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in East Hampton 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 East Hampton built between 2000 and later ( 22.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.47%). There's also some housing in East Hampton built before 1939 ( 18.99%).
East Hampton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Hampton during the period has been just 4.97%, which is lower than 80% of US communities.
Appreciation rates are so strong in East Hampton that despite a nationwide downturn in the housing market, East Hampton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Hampton appreciation rates continue to be some of the highest in America, at 9.89%, which is higher than appreciation rates in 86.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Hampton. East Hampton appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.36%.
Relative to Connecticut, our data show that East Hampton's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.
$420,355
for Connecticut
for nation
4,850
$2,397 / per month