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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenport, NY Real Estate Market

Source & Methodology

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 Q4 2023. 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

Greenport, NY Housing Market Trends

With a population of 2,583, 1,126 total housing units (homes and apartments), and a median house value of $957,051, Greenport house prices are not only among the most expensive in New York, Greenport 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 Greenport, accounting for 60.55% of the village's housing units. Other types of housing that are prevalent in Greenport include duplexes, homes converted to apartments or other small apartment buildings ( 24.61%), large apartment complexes or high rise apartments ( 12.14%), and a few row houses and other attached homes ( 2.70%).

People in Greenport primarily live in small (one, two or no bedroom) single-family detached homes. Greenport has a mixture of owner-occupied and renter-occupied housing.

The housing in Greenport was primarily built before 1939 ( 58.33%), making the housing stock in Greenport some of the oldest overall in America, although there is a range of ages of homes in Greenport. The next most important housing age is between 1970-1999 ( 19.15%), followed by between 1940-1969 ( 17.53%). There's also some housing in Greenport built between 2000 and later ( 4.99%).

Vacant housing appears to be an issue in Greenport. Fully 24.07% of the housing stock is classified as vacant. Left unchecked, vacant Greenport homes and apartments can be a drag on the real estate market, holding Greenport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greenport Home Appreciation Rates

In the last 10 years, Greenport has experienced some of the highest home appreciation rates of any community in the nation. Greenport real estate appreciated 120.56% over the last ten years, which is an average annual home appreciation rate of 8.23%, putting Greenport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Greenport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Greenport's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Greenport's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Greenport's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$957,051

Greenport, NY Home Prices
> $1,281,000
$961,001 - $1,281,000
$640,001 - $961,000
$512,001 - $640,000
$384,001 - $512,000
$257,001 - $384,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
22.2%
22.2%
30.6%
30.6%
16.8%
16.8%
9.6%
9.6%
6.9%
6.9%
5.6%
5.6%
3.5%
3.5%
0.0%
0.0%
4.7%
4.7%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

1,126

Greenport Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,710 / per month

Homeownership Rate

Owners
Renters
57.3%
57.3%
42.7%
42.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
24.1%
24.1%
75.9%
75.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.0%
5.0%
19.2%
19.2%
17.5%
17.5%
58.3%
58.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.6%
60.6%
2.7%
2.7%
24.6%
24.6%
12.1%
12.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
23.7%
23.7%
25.6%
25.6%
26.5%
26.5%
13.4%
13.4%
9.7%
9.7%
0% 100.0%
% of Homes