Auburn, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Auburn, NY Real Estate Data


Auburn Housing Market Information

With a population of 26,985, 11,119 total housing units (homes and apartments), and a median house value of $104,470, house prices in Auburn are solidly below the national average.

Single-family detached homes are the single most common housing type in Auburn, accounting for 50.00% of the city's housing units. Other types of housing that are prevalent in Auburn include duplexes, homes converted to apartments or other small apartment buildings ( 27.37%), large apartment complexes or high rise apartments ( 19.88%), and a few row houses and other attached homes ( 2.27%).

The most prevalent building size and type in Auburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.75% owning and 56.25% renting.

The housing in Auburn was primarily built before 1939 ( 56.99%), making the housing stock in Auburn some of the oldest overall in America, although there is a range of ages of homes in Auburn. The next most important housing age is between 1940-1969 ( 24.25%), followed by between 1970-1999 ( 17.16%). There's also some housing in Auburn built between 2000 and later ( 1.60%).

Auburn Home Appreciation Rates

Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.60%, which ranks in the top 30% nationwide. This equates to an annual average Auburn house appreciation rate of 1.19%.

Over the last year, Auburn appreciation rates have trailed the rest of the nation. In the last twelve months, Auburn's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Auburn were at 0.41%, which equates to an annual appreciation rate of 1.66%.

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

Relative to New York, our data show that Auburn's latest annual appreciation rate is lower than 80% 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 Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - 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 Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,470

Auburn, NY HOME PRICES

Value Range
> $1,087,000 0.2
$815,001 - $1,087,000 0.0
$544,001 - $815,000 0.2
$435,001 - $544,000 0.3
$326,001 - $435,000 1.7
$217,001 - $326,000 3.5
$109,001 - $217,000 31.4
$54,001 - $109,000 53.6
$0 - $54,000 9.1

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
75.9969549686713 80.8080808080808

Number Of Homes And Apartments:
11,119

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 43.75
Renters 56.25
Vacant 9.68

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 1.6
1970 - 1999 17.2
1940 - 1969 24.3
1939 or Older 57.0

Types of Homes

TYPE OF Auburn HOMES
Single-Family 50.0
Townhomes 2.3
Small Apt. Buildings 27.4
Apt. Complexes 19.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Auburn HOMES
No Bedroom 5.13
1 Bedroom 15.71
2 Bedrooms 23.89
3 Bedrooms 40.16
4 Bedrooms 11.41
5 or more bedrooms 3.70

Auburn 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
54.61% 2.60% 5 7
* 10 is highest