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 20,128 people, 7,031 houses or apartments, and a median cost of homes of $725,587, Lynbrook house prices are not only among the most expensive in New York, Lynbrook 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 Lynbrook, accounting for 57.21% of the village's housing units. Other types of housing that are prevalent in Lynbrook include duplexes, homes converted to apartments or other small apartment buildings ( 23.13%), large apartment complexes or high rise apartments ( 16.80%), and a few row houses and other attached homes ( 2.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lynbrook. Owner-occupied housing accounts for 73.67% of Lynbrook's homes, and 54.20% have either three or four bedrooms, which is average sized relative to America.
The housing in Lynbrook was primarily built before 1939 ( 46.96%), making the housing stock in Lynbrook some of the oldest overall in America, although there is a range of ages of homes in Lynbrook. The next most important housing age is between 1940-1969 ( 37.85%), followed by between 1970-1999 ( 11.80%). There's also some housing in Lynbrook built between 2000 and later ( 3.39%).
Real estate appreciation rates in Lynbrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.
Over the last year, Lynbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Lynbrook's appreciation rate has been 4.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lynbrook were at 2.85%, which equates to an annual appreciation rate of 11.92%.
Relative to New York, our data show that Lynbrook's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$725,587
for New york
for nation
7,031
$4,151 / per month