Alden, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alden Neighborhoods Since 2000




Alden, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alden Housing Market Information

With a population of 2,589, 1,192 total housing units (homes and apartments), and a median house value of $127,178, house prices in Alden are solidly below the national average.

Single-family detached homes are the single most common housing type in Alden, accounting for 52.85% of the village's housing units. Other types of housing that are prevalent in Alden include duplexes, homes converted to apartments or other small apartment buildings ( 18.70%), mobile homes or trailers ( 14.42%), and a few large apartment complexes or high rise apartments ( 13.15%).

The most prevalent building size and type in Alden are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.59% owning and 35.41% renting.

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. Alden's housing was primarily built during this period, from the '40s through the '60s. A full 33.91% of the village's housing hails from this era. Other housing ages represented in Alden include homes built between 1970-1999 ( 29.48%) and housing constructed before 1939 ( 25.59%). There's also some housing in Alden built between 2000 and later ( 11.01%).

Alden Home Appreciation Rates

Appreciation rates for homes in Alden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.21%, which ranks in the top 40% nationwide. This equates to an annual average Alden house appreciation rate of 0.51%.

Appreciation rates are so strong in Alden that despite a nationwide downturn in the housing market, Alden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alden appreciation rates continue to be some of the highest in America, at 5.78%, which is higher than appreciation rates in 72.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alden. Alden appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Alden's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$127,178

Alden, NY HOME PRICES

Value Range
> $1,059,000 0.0
$795,001 - $1,059,000 0.6
$530,001 - $795,000 0.0
$424,001 - $530,000 0.3
$318,001 - $424,000 1.1
$212,001 - $318,000 9.0
$106,001 - $212,000 59.1
$53,001 - $106,000 16.0
$0 - $53,000 14.0

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
61.3148951130904 69.9214365881033

Number Of Homes And Apartments:
1,192

Alden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.05% 1.76% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Homeownership
Owners 64.59
Renters 35.41
Vacant 5.55

Housing Market Details

 

Age of Homes

AGE OF Alden HOMES
2000 or Newer 11.0
1970 - 1999 29.5
1940 - 1969 33.9
1939 or Older 25.6

Types of Homes

TYPE OF Alden HOMES
Single-Family 52.9
Townhomes 0.9
Small Apt. Buildings 18.7
Apt. Complexes 13.2
Mobile Homes 14.4
Other 0.0

Home Size

SIZE OF Alden HOMES
No Bedroom 1.27
1 Bedroom 8.64
2 Bedrooms 32.33
3 Bedrooms 41.68
4 Bedrooms 15.53
5 or more bedrooms 0.55