West Seneca appreciation rates and housing market information

West Seneca housing market information

With 46,013 people, 18,960 houses or apartments, and a median cost of homes of $159,415, West Seneca real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in West Seneca, accounting for 69.09% of the town's housing units. Other types of housing that are prevalent in West Seneca include duplexes, homes converted to apartments, or other small apartment buildings (15.64%), large apartment complexes or high rise apartments (10.92%), row houses and other attached homes (3.21%), and a few mobile homes or trailers (1.14%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in West Seneca. Owner-occupied housing accounts for 75.56% of West Seneca's homes, and 66.48% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Seneca's housing was primarily built during this period, from the '40s through the '60s. A full 55.95% of the town's housing hails from this era. Other housing ages represented in West Seneca include homes built between 1970-1994 (27.22%), and housing constructed from 1939 and earlier (13.31%). There's also some housing in West Seneca built between 1995 and later (3.52%).

West Seneca home appreciation rates

West Seneca's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Seneca during the period has been just 5.02%, which is lower than % of US communities.

Appreciation rates are so strong in West Seneca that despite a nationwide downturn in the housing market, West Seneca real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Seneca appreciation rates continue to be some of the highest in America, at 4.01%, which is higher than appreciation rates in 84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Seneca. West Seneca appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.12%.

Importantly, this makes West Seneca one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that West Seneca's latest annual appreciation rate is higher than 85% 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 town. Individual neighborhoods within West Seneca differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Seneca - 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 1990, to assist you in making the best West Seneca real estate investment or home purchase decisions.