Arcade, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Arcade, NY Real Estate Data


Arcade Housing Market Information

With 1,986 people, 931 houses or apartments, and a median cost of homes of $125,093, house prices in Arcade are solidly below the national average.

Single-family detached homes are the single most common housing type in Arcade, accounting for 63.15% of the village's housing units. Other types of housing that are prevalent in Arcade include duplexes, homes converted to apartments or other small apartment buildings ( 20.92%), large apartment complexes or high rise apartments ( 14.11%), and a few row houses and other attached homes ( 1.82%).

The most prevalent building size and type in Arcade are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.76% owning and 39.24% renting.

The housing in Arcade was primarily built before 1939 ( 54.32%), making the housing stock in Arcade some of the oldest overall in America, although there is a range of ages of homes in Arcade. The next most important housing age is between 1970-1999 ( 21.98%), followed by between 1940-1969 ( 14.88%). There's also some housing in Arcade built between 2000 and later ( 8.83%).

Vacant housing appears to be an issue in Arcade. Fully 10.65% of the housing stock is classified as vacant. Left unchecked, vacant Arcade homes and apartments can be a drag on the real estate market, holding Arcade real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Arcade Home Appreciation Rates

Appreciation rates for homes in Arcade have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.19%, which ranks in the top 40% nationwide. This equates to an annual average Arcade house appreciation rate of 1.07%.

Over the last year, Arcade appreciation rates have trailed the rest of the nation. In the last twelve months, Arcade's appreciation rate has been 3.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arcade were at 0.41%, which equates to an annual appreciation rate of 1.66%.

Notably, Arcade's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Arcade's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$125,093

Arcade, NY HOME PRICES

Value Range
> $1,112,000 0.0
$834,001 - $1,112,000 1.5
$556,001 - $834,000 0.4
$445,001 - $556,000 0.7
$333,001 - $445,000 0.5
$222,001 - $333,000 8.5
$111,001 - $222,000 43.2
$55,001 - $111,000 29.1
$0 - $55,000 16.1

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
63.5943081337471 70.03367003367

Number Of Homes And Apartments:
931

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 60.76
Renters 39.24
Vacant 10.65

Housing Market Details

 

Age of Homes

AGE OF Arcade HOMES
2000 or Newer 8.8
1970 - 1999 22.0
1940 - 1969 14.9
1939 or Older 54.3

Types of Homes

TYPE OF Arcade HOMES
Single-Family 63.1
Townhomes 1.8
Small Apt. Buildings 20.9
Apt. Complexes 14.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Arcade HOMES
No Bedroom 3.74
1 Bedroom 17.75
2 Bedrooms 18.43
3 Bedrooms 36.37
4 Bedrooms 18.52
5 or more bedrooms 5.18

Arcade 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
37.33% 1.88% 2 4
* 10 is highest