Alden, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Alden Neighborhoods Since 2000




Alden, NY Real Estate Data


Alden Housing Market Information

With a population of 2,589, 1,191 total housing units (homes and apartments), and a median house value of $129,268, 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 51.60% 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 ( 17.89%), large apartment complexes or high rise apartments ( 16.37%), and a few mobile homes or trailers ( 13.02%).

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 61.08% owning and 38.92% 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 35.46% of the village's housing hails from this era. Other housing ages represented in Alden include homes built between 1970-1999 ( 32.99%) and housing constructed before 1939 ( 23.24%). There's also some housing in Alden built between 2000 and later ( 8.31%).

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 8.12%, which ranks in the top 40% nationwide. This equates to an annual average Alden house appreciation rate of 0.78%.

Over the last year, Alden appreciation rates have trailed the rest of the nation. In the last twelve months, Alden's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alden were at 2.02%, which equates to an annual appreciation rate of 8.33%.

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

Average Home Values

 

Median Home Value:
$129,268

Alden, NY HOME PRICES

Value Range
> $1,077,000 0.0
$808,001 - $1,077,000 0.0
$539,001 - $808,000 0.0
$431,001 - $539,000 0.4
$323,001 - $431,000 1.6
$215,001 - $323,000 7.8
$108,001 - $215,000 59.9
$54,001 - $108,000 17.6
$0 - $54,000 12.7

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
61.1524272413187 68.5746352413019

Number Of Homes And Apartments:
1,191

Rent & Ownership

 

Average Market Rent:
$836 / per month

Homeownership Rate

Homeownership
Owners 61.08
Renters 38.92
Vacant 4.87

Housing Market Details

 

Age of Homes

AGE OF Alden HOMES
2000 or Newer 8.3
1970 - 1999 33.0
1940 - 1969 35.5
1939 or Older 23.2

Types of Homes

TYPE OF Alden HOMES
Single-Family 51.6
Townhomes 1.1
Small Apt. Buildings 17.9
Apt. Complexes 16.4
Mobile Homes 13.0
Other 0.0

Home Size

SIZE OF Alden HOMES
No Bedroom 1.92
1 Bedroom 8.23
2 Bedrooms 34.19
3 Bedrooms 40.81
4 Bedrooms 14.14
5 or more bedrooms 0.72

Alden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
36.06% 1.83% 2 4
* 10 is highest