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 2,785 people, 1,107 houses or apartments, and a median cost of homes of $2,602,679, Sag Harbor house prices are not only among the most expensive in New York, Sag Harbor 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 Sag Harbor, accounting for 89.19% of the village's housing units. Other types of housing that are prevalent in Sag Harbor include duplexes, homes converted to apartments or other small apartment buildings ( 4.31%), row houses and other attached homes ( 4.12%), and a few large apartment complexes or high rise apartments ( 2.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sag Harbor. Owner-occupied housing accounts for 77.79% of Sag Harbor's homes, and 68.63% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sag Harbor 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 Sag Harbor built before 1939 ( 24.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.41%). There's also some housing in Sag Harbor built between 1940-1969 ( 22.13%).
A decent proportion of the Sag Harbor housing stock is seasonally occupied. That is, homes and condos in Sag Harbor 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 Sag Harbor housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Sag Harbor has experienced some of the highest home appreciation rates of any community in the nation. Sag Harbor real estate appreciated 116.46% over the last ten years, which is an average annual home appreciation rate of 8.03%, putting Sag Harbor in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sag Harbor definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Sag Harbor that despite a nationwide downturn in the housing market, Sag Harbor real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sag Harbor appreciation rates continue to be some of the highest in America, at 9.50%, which is higher than appreciation rates in 84.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sag Harbor. Sag Harbor 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 Sag Harbor's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$2,602,679
for New york
for nation
1,107
$6,883 / per month