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.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom11.30%
Two Bedrooms22.60%
Three Bedrooms37.10%
Four Bedrooms19.50%
Five Bedrooms or more8.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1947
Median Value of occupied units$307,600
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1941
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan7.20%
Simple Mortgage46%
Debt Free42.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%