Beacon, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beacon, 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

Beacon Housing Market Information

With a population of 14,347, 5,244 total housing units (homes and apartments), and a median house value of $289,649, Beacon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Beacon, accounting for 49.06% of the city's housing units. Other types of housing that are prevalent in Beacon include large apartment complexes or high rise apartments ( 23.27%), duplexes, homes converted to apartments or other small apartment buildings ( 18.98%), and a few row houses and other attached homes ( 8.59%).

People in Beacon primarily live in small (one, two or no bedroom) single-family detached homes. Beacon has a mixture of owner-occupied and renter-occupied housing.

The housing in Beacon was primarily built before 1939 ( 39.23%), making the housing stock in Beacon some of the oldest overall in America, although there is a range of ages of homes in Beacon. The next most important housing age is between 1970-1999 ( 27.95%), followed by between 1940-1969 ( 24.58%). There's also some housing in Beacon built between 2000 and later ( 8.24%).

Beacon Home Appreciation Rates

Real estate appreciation rates in Beacon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.78% during the period.

Appreciation rates are so strong in Beacon that despite a nationwide downturn in the housing market, Beacon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beacon appreciation rates continue to be some of the highest in America, at 10.34%, which is higher than appreciation rates in 94.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beacon. Beacon appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Beacon's latest annual appreciation rate is higher than 90% 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 Beacon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beacon - 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 Beacon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$289,649

Beacon, NY HOME PRICES

Value Range
> $1,198,000 1.8
$898,001 - $1,198,000 1.2
$599,001 - $898,000 0.6
$479,001 - $599,000 2.9
$359,001 - $479,000 13.1
$240,001 - $359,000 54.3
$120,001 - $240,000 24.2
$60,001 - $120,000 0.9
$0 - $60,000 1.1

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
17.3327083089183 33.6700336700337

Number Of Homes And Apartments:
5,244

Beacon 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
105.15% 4.25% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,560 / per month

Homeownership Rate

Homeownership
Owners 48.60
Renters 51.40
Vacant 9.02

Housing Market Details

 

Age of Homes

AGE OF Beacon HOMES
2000 or Newer 8.2
1970 - 1999 27.9
1940 - 1969 24.6
1939 or Older 39.2

Types of Homes

TYPE OF Beacon HOMES
Single-Family 49.1
Townhomes 8.6
Small Apt. Buildings 19.0
Apt. Complexes 23.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Beacon HOMES
No Bedroom 11.40
1 Bedroom 13.10
2 Bedrooms 28.87
3 Bedrooms 30.92
4 Bedrooms 12.07
5 or more bedrooms 3.64