Basom, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Basom Neighborhoods Since 2000




Basom, 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

Basom Housing Market Information

With a population of 511, 254 total housing units (homes and apartments), and a median house value of $60,620, 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 60.78% of the town's housing units. Other types of housing that are prevalent in Basom include mobile homes or trailers ( 29.34%), duplexes, homes converted to apartments or other small apartment buildings ( 4.39%), and a few large apartment complexes or high rise apartments ( 3.29%).

Dwellings in Basom tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.23% of the homes in Basom have two or fewer bedrooms.

The housing in Basom was primarily built before 1939 ( 43.54%), 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 ( 42.55%), followed by between 2000 and later ( 7.68%). There's also some housing in Basom built between 1940-1969 ( 6.22%).

Basom Home Appreciation Rates

Real estate appreciation rates in Basom's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

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 1.01%, 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 -0.55%, which equates to an annual appreciation rate of -2.19%.

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 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$60,620

Basom, NY HOME PRICES

Value Range
> $997,000 2.2
$748,001 - $997,000 1.8
$499,001 - $748,000 5.8
$399,001 - $499,000 0.0
$299,001 - $399,000 0.0
$199,001 - $299,000 4.5
$100,001 - $199,000 3.1
$50,001 - $100,000 41.3
$0 - $50,000 41.3

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
97.9432790343373 99.8877665544332

Number Of Homes And Apartments:
254

Basom 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
14.54% 0.79% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Homeownership
Owners 85.31
Renters 14.69
Vacant 0.37

Housing Market Details

 

Age of Homes

AGE OF Basom HOMES
2000 or Newer 7.7
1970 - 1999 42.6
1940 - 1969 6.2
1939 or Older 43.5

Types of Homes

TYPE OF Basom HOMES
Single-Family 60.8
Townhomes 0.0
Small Apt. Buildings 4.4
Apt. Complexes 3.3
Mobile Homes 29.3
Other 2.2

Home Size

SIZE OF Basom HOMES
No Bedroom 0.00
1 Bedroom 4.03
2 Bedrooms 46.21
3 Bedrooms 40.25
4 Bedrooms 9.51
5 or more bedrooms 0.00