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 5,323 people, 1,723 houses or apartments, and a median cost of homes of $612,373, real estate costs in Islip Terrace are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Islip Terrace, accounting for 92.95% of the town's housing units. Other types of housing that are prevalent in Islip Terrace include duplexes, homes converted to apartments or other small apartment buildings ( 3.11%), row houses and other attached homes ( 2.84%), and a few large apartment complexes or high rise apartments ( 1.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Islip Terrace. Owner-occupied housing accounts for 88.55% of Islip Terrace's homes, and 83.66% 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. Islip Terrace's housing was primarily built during this period, from the '40s through the '60s. A full 53.88% of the town's housing hails from this era. Other housing ages represented in Islip Terrace include homes built before 1939 ( 18.96%) and housing constructed between 1970-1999 ( 17.98%). There's also some housing in Islip Terrace built between 2000 and later ( 9.18%).
Real estate appreciation rates in Islip Terrace's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.40% during the period.
NeighborhoodScout's data show that during the latest twelve months, Islip Terrace's appreciation rate, at 11.42%, has been at or slightly above the national average. In the latest quarter, Islip Terrace's appreciation rate has been 4.33%, which annualizes to a rate of 18.48%.
Relative to New York, our data show that Islip Terrace's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.
$612,373
for New york
for nation
1,723
$5,572 / per month