Centereach, NY Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Centereach, NY Housing Market Trends
With 30,980 people, 9,806 houses or apartments, and a median cost of homes of $623,295, real estate costs in Centereach 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 Centereach, accounting for 88.39% of the town's housing units. Other types of housing that are prevalent in Centereach include large apartment complexes or high rise apartments ( 7.72%), duplexes, homes converted to apartments or other small apartment buildings ( 2.17%), and a few row houses and other attached homes ( 1.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centereach. Owner-occupied housing accounts for 81.74% of Centereach's homes, and 71.81% 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. Centereach's housing was primarily built during this period, from the '40s through the '60s. A full 47.26% of the town's housing hails from this era. Other housing ages represented in Centereach include homes built between 1970-1999 ( 38.53%) and housing constructed between 2000 and later ( 10.61%). There's also some housing in Centereach built before 1939 ( 3.60%).
Centereach Home Appreciation Rates
Appreciation rates for homes in Centereach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.75%, which ranks in the top 50% nationwide. This equates to an annual average Centereach house appreciation rate of 6.89%.
Appreciation rates are so strong in Centereach that despite a nationwide downturn in the housing market, Centereach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centereach appreciation rates continue to be some of the highest in America, at 9.82%, which is higher than appreciation rates in 86.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centereach. Centereach 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 Centereach's latest annual appreciation rate is higher 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 town. Individual neighborhoods within Centereach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Centereach - 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 Centereach real estate investment or home purchase decisions.
Median Home Value
$623,295
High
for New york
Very High
for nation
Number of Homes And Apartments:
9,806
NY
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$4,604 / per month