Averill Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Averill Park, NY Real Estate Data


Averill Park Housing Market Information

With a population of 1,690, 682 total housing units (homes and apartments), and a median house value of $199,107, Averill Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Averill Park, accounting for 93.12% of the town's housing units. Other types of housing that are prevalent in Averill Park include duplexes, homes converted to apartments or other small apartment buildings ( 6.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Averill Park. Owner-occupied housing accounts for 82.90% of Averill Park's homes, and 76.51% have either three or four bedrooms, which is average sized relative to America.

The housing in Averill Park was primarily built before 1939 ( 37.01%), making the housing stock in Averill Park some of the oldest overall in America, although there is a range of ages of homes in Averill Park. The next most important housing age is between 1940-1969 ( 36.42%), followed by between 1970-1999 ( 18.62%). There's also some housing in Averill Park built between 2000 and later ( 7.95%).

Vacant housing appears to be an issue in Averill Park. Fully 19.10% of the housing stock is classified as vacant. Left unchecked, vacant Averill Park homes and apartments can be a drag on the real estate market, holding Averill Park 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.

Averill Park Home Appreciation Rates

Real estate appreciation rates in Averill Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Over the last year, Averill Park appreciation rates have trailed the rest of the nation. In the last twelve months, Averill Park's appreciation rate has been 4.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Averill Park were at 1.15%, which equates to an annual appreciation rate of 4.70%.

Relative to New York, our data show that Averill Park's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$199,107

Averill Park, NY HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$508,001 - $761,000 1.6
$406,001 - $508,000 2.8
$305,001 - $406,000 16.9
$203,001 - $305,000 27.4
$101,001 - $203,000 39.5
$51,001 - $101,000 6.8
$0 - $51,000 5.0

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
33.4250746618258 45.0056116722783

Number Of Homes And Apartments:
682

Rent & Ownership

 

Average Market Rent:
$1,144 / per month

Homeownership Rate

Homeownership
Owners 82.90
Renters 17.10
Vacant 19.10

Housing Market Details

 

Age of Homes

AGE OF Averill Park HOMES
2000 or Newer 7.9
1970 - 1999 18.6
1940 - 1969 36.4
1939 or Older 37.0

Types of Homes

TYPE OF Averill Park HOMES
Single-Family 93.1
Townhomes 0.0
Small Apt. Buildings 6.9
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Averill Park HOMES
No Bedroom 0.00
1 Bedroom 8.66
2 Bedrooms 11.98
3 Bedrooms 46.74
4 Bedrooms 29.77
5 or more bedrooms 2.85

Averill Park 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
46.60% 2.28% 3 6
* 10 is highest