Shirley, 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
Shirley, NY Housing Market Trends
With a population of 26,360, 8,090 total housing units (homes and apartments), and a median house value of $526,541, Shirley real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Shirley, accounting for 94.69% of the town's housing units. Other types of housing that are prevalent in Shirley include large apartment complexes or high rise apartments ( 2.31%), row houses and other attached homes ( 1.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shirley. Owner-occupied housing accounts for 90.24% of Shirley's homes, and 78.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Shirley 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 Shirley built between 1940-1969 ( 30.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.49%). There's also some housing in Shirley built before 1939 ( 1.68%).
Shirley Home Appreciation Rates
In the last 10 years, Shirley has experienced some of the highest home appreciation rates of any community in the nation. Shirley real estate appreciated 130.30% over the last ten years, which is an average annual home appreciation rate of 8.70%, putting Shirley in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Shirley 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 Shirley that despite a nationwide downturn in the housing market, Shirley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shirley appreciation rates continue to be some of the highest in America, at 10.65%, which is higher than appreciation rates in 89.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shirley. Shirley 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 Shirley'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 Shirley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Shirley - 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 Shirley real estate investment or home purchase decisions.
Median Home Value
$526,541
High
for New york
Very High
for nation
Number of Homes And Apartments:
8,090
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:
$5,013 / per month