MOUNT SINAI HOUSING MARKET INFORMATION With a population of 11,623, 3,923 total housing units (homes and apartments), and a median house value of $793,583, Mount Sinai house prices are not only among the most expensive in New York, Mount Sinai real estate also is some of the most expensive in all of America. Mount Sinai is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Mount Sinai than is found in 98% of the communities in America. Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Sinai. Owner-occupied housing accounts for 96.13% of Mount Sinai's homes, and 66.22% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Mount Sinai 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 Mount Sinai built between 2000 and later ( 38.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.05%). There's also some housing in Mount Sinai built before 1939 ( 4.61%). MOUNT SINAI HOME APPRECIATION RATES Real estate appreciation rates in Mount Sinai's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period. Appreciation rates are so strong in Mount Sinai that despite a nationwide downturn in the housing market, Mount Sinai real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Sinai appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 97.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Sinai. Mount Sinai appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.71%. Relative to New York, our data show that Mount Sinai's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.