Locust Valley, NY Real Estate
According to census data in the year 2000 there were 1,324 housing units in Locust Valley.
This represents a 12.1% decline from 1,506 in 1990.
Of those housing units, 1,324 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Locust Valley is about 72.8%.
Locust Valley's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.75 people.
The majority of houses, apartments or condos in Locust Valley were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11.30% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 37.10% |
| Four Bedrooms | 19.50% |
| Five Bedrooms or more | 8.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $307,600 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1941 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 46% |
| Debt Free | 42.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
