Basom, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Basom Neighborhoods Since 2000




Basom, NY Real Estate Data


Basom Housing Market Information

With 511 people, 256 houses or apartments, and a median cost of homes of $58,015, house prices in Basom are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Basom, accounting for 61.57% of the town's housing units. Other types of housing that are prevalent in Basom include mobile homes or trailers ( 30.14%), large apartment complexes or high rise apartments ( 3.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Basom. Owner-occupied housing accounts for 90.08% of Basom's homes, and 52.27% have either three or four bedrooms, which is average sized relative to America.

The housing in Basom was primarily built before 1939 ( 47.94%), making the housing stock in Basom some of the oldest overall in America, although there is a range of ages of homes in Basom. The next most important housing age is between 1970-1999 ( 38.36%), followed by between 1940-1969 ( 7.93%). There's also some housing in Basom built between 2000 and later ( 5.77%).

Basom Home Appreciation Rates

Basom's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Basom during the period has been just -0.73%, which is lower than 70% of US communities.

Over the last year, Basom appreciation rates have trailed the rest of the nation. In the last twelve months, Basom's appreciation rate has been 0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Basom were at 0.52%, which equates to an annual appreciation rate of 2.09%.

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

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

Average Home Values

 

Median Home Value:
$58,015

Basom, NY HOME PRICES

Value Range
> $982,000 2.5
$736,001 - $982,000 1.7
$491,001 - $736,000 6.8
$393,001 - $491,000 2.5
$294,001 - $393,000 0.0
$196,001 - $294,000 0.0
$98,001 - $196,000 6.8
$49,001 - $98,000 36.3
$0 - $49,000 43.5

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
98.6238800726123 99.8877665544332

Number Of Homes And Apartments:
256

Rent & Ownership

 

Average Market Rent:
$371 / per month

Homeownership Rate

Homeownership
Owners 90.08
Renters 9.92
Vacant 1.80

Housing Market Details

 

Age of Homes

AGE OF Basom HOMES
2000 or Newer 5.8
1970 - 1999 38.4
1940 - 1969 7.9
1939 or Older 47.9

Types of Homes

TYPE OF Basom HOMES
Single-Family 61.6
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 3.6
Mobile Homes 30.1
Other 1.8

Home Size

SIZE OF Basom HOMES
No Bedroom 0.00
1 Bedroom 4.33
2 Bedrooms 43.41
3 Bedrooms 41.81
4 Bedrooms 10.45
5 or more bedrooms 0.00

Basom 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
13.84% 0.77% 1 1
* 10 is highest