SOUTHOLD HOUSING MARKET INFORMATION With 6,040 people, 2,676 houses or apartments, and a median cost of homes of $1,201,901, Southold house prices are not only among the most expensive in New York, Southold 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 Southold, accounting for 92.03% of the town's housing units. Other types of housing that are prevalent in Southold include large apartment complexes or high rise apartments ( 3.21%), duplexes, homes converted to apartments or other small apartment buildings ( 2.49%), and a few row houses and other attached homes ( 2.27%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southold. Owner-occupied housing accounts for 82.27% of Southold's homes, and 72.69% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Southold 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 Southold built between 1940-1969 ( 30.30%). A lesser amount of the housing stock also hails from before 1939 ( 18.69%). There's also some housing in Southold built between 2000 and later ( 11.49%). A decent proportion of the Southold housing stock is seasonally occupied. That is, homes and condos in Southold are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Southold housing market speaks to its popularity as a vacation location of choice. SOUTHOLD HOME APPRECIATION RATES Appreciation rates for homes in Southold have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 111.11%, which ranks in the top 30% nationwide. This equates to an annual average Southold house appreciation rate of 7.76%. Appreciation rates are so strong in Southold that despite a nationwide downturn in the housing market, Southold real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southold appreciation rates continue to be some of the highest in America, at 11.98%, which is higher than appreciation rates in 95.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southold. Southold 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 Southold's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.