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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Beacon, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Beacon, NY Housing Market Trends

With 14,290 people, 5,815 houses or apartments, and a median cost of homes of $560,291, real estate costs in Beacon are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Beacon, accounting for 55.52% of the city's housing units. Other types of housing that are prevalent in Beacon include large apartment complexes or high rise apartments ( 20.41%), duplexes, homes converted to apartments or other small apartment buildings ( 17.53%), and a few row houses and other attached homes ( 6.54%).

The most prevalent building size and type in Beacon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.86% owning and 40.14% renting.

The housing in Beacon was primarily built before 1939 ( 39.61%), making the housing stock in Beacon some of the oldest overall in America, although there is a range of ages of homes in Beacon. The next most important housing age is between 1940-1969 ( 28.39%), followed by between 1970-1999 ( 21.45%). There's also some housing in Beacon built between 2000 and later ( 10.54%).

Beacon Home Appreciation Rates

In the last 10 years, Beacon has experienced some of the highest home appreciation rates of any community in the nation. Beacon real estate appreciated 123.12% over the last ten years, which is an average annual home appreciation rate of 8.36%, putting Beacon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beacon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Beacon's appreciation rate, at 5.79%, has been at or slightly above the national average. In the latest quarter, Beacon's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%.

Relative to New York, our data show that Beacon's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beacon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beacon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Beacon real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$560,291

Beacon, NY Home Prices
> $1,321,000
$991,001 - $1,321,000
$660,001 - $991,000
$529,001 - $660,000
$396,001 - $529,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
4.8%
4.8%
17.4%
17.4%
24.5%
24.5%
34.2%
34.2%
12.9%
12.9%
4.4%
4.4%
0.8%
0.8%
1.1%
1.1%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

5,815

Beacon Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,470 / per month

Homeownership Rate

Owners
Renters
59.9%
59.9%
40.1%
40.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
21.5%
21.5%
28.4%
28.4%
39.6%
39.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.5%
55.5%
6.5%
6.5%
17.5%
17.5%
20.4%
20.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.9%
3.9%
14.7%
14.7%
29.0%
29.0%
37.5%
37.5%
12.8%
12.8%
2.2%
2.2%
0% 100.0%
% of Homes