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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 2,231 people, 903 houses or apartments, and a median cost of homes of $661,036, 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 58.74% 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 ( 27.82%), large apartment complexes or high rise apartments ( 11.34%), and a few row houses and other attached homes ( 2.10%).

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 ( 71.17%), 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 ( 15.54%), followed by between 1940-1969 ( 7.85%). There's also some housing in Greenport built between 2000 and later ( 5.44%).

Vacant housing appears to be an issue in Greenport. Fully 29.84% 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 89.39% over the last ten years, which is an average annual home appreciation rate of 6.59%, putting Greenport in the top 10% 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.

Appreciation rates are so strong in Greenport that despite a nationwide downturn in the housing market, Greenport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenport appreciation rates continue to be some of the highest in America, at 11.41%, which is higher than appreciation rates in 79.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenport. Greenport appreciation rates in the latest quarter were at 3.29%, which equates to an annual appreciation rate of 13.84%.

Relative to New York, our data show that Greenport's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$661,036

Greenport, NY HOME PRICES

> $1,325,000
6.0%
6.0%
$994,001 - $1,325,000
10.6%
10.6%
$663,001 - $994,000
31.5%
31.5%
$530,001 - $663,000
14.0%
14.0%
$398,001 - $530,000
22.2%
22.2%
$265,001 - $398,000
4.3%
4.3%
$133,001 - $265,000
4.2%
4.2%
$67,001 - $133,000
3.4%
3.4%
$0 - $67,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
903

Greenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
226.22% 5.65%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,792 / per month

Homeownership Rate

Owners
55.8%
55.8%
Renters
44.2%
44.2%
Vacant
29.8%
29.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.4%
5.4%
1970 - 1999
15.5%
15.5%
1940 - 1969
7.8%
7.8%
1939 or Older
71.2%
71.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.7%
58.7%
Townhomes
2.1%
2.1%
Small Apt. Buildings
27.8%
27.8%
Apt. Complexes
11.3%
11.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.9%
3.9%
1 Bedroom
10.6%
10.6%
2 Bedrooms
40.6%
40.6%
3 Bedrooms
34.3%
34.3%
4 Bedrooms
9.0%
9.0%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Greenport

Zip Codes in Greenport, NY