Averill Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Averill Park, 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

Averill Park Housing Market Information

With 1,690 people, 558 houses or apartments, and a median cost of homes of $225,860, 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 97.02% 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 ( 2.98%).

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 79.69% of Averill Park's homes, and 74.04% have either three or four bedrooms, which is average sized relative to America.

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. Averill Park's housing was primarily built during this period, from the '40s through the '60s. A full 44.26% of the town's housing hails from this era. Other housing ages represented in Averill Park include homes built before 1939 ( 26.95%) and housing constructed between 1970-1999 ( 23.12%). There's also some housing in Averill Park built between 2000 and later ( 5.67%).

Vacant housing appears to be an issue in Averill Park. Fully 20.85% 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 -0.02% 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 2.10%, 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 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$225,860

Averill Park, NY HOME PRICES

Value Range
> $1,040,000 0.0
$779,001 - $1,040,000 0.0
$520,001 - $779,000 1.8
$416,001 - $520,000 2.5
$312,001 - $416,000 16.3
$208,001 - $312,000 35.6
$104,001 - $208,000 35.1
$52,001 - $104,000 5.5
$0 - $52,000 3.3

High for NY
High for Nation

Value Relative to Nation Value Relative to State
26.6377592874722 39.7306397306397

Number Of Homes And Apartments:
558

Averill Park 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
51.94% 2.45% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 79.69
Renters 20.31
Vacant 20.85

Housing Market Details

 

Age of Homes

AGE OF Averill Park HOMES
2000 or Newer 5.7
1970 - 1999 23.1
1940 - 1969 44.3
1939 or Older 27.0

Types of Homes

TYPE OF Averill Park HOMES
Single-Family 97.0
Townhomes 0.0
Small Apt. Buildings 3.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Averill Park HOMES
No Bedroom 0.00
1 Bedroom 9.79
2 Bedrooms 11.91
3 Bedrooms 50.50
4 Bedrooms 23.55
5 or more bedrooms 4.26