Bedford Hills, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bedford Hills Neighborhoods Since 2000




Bedford Hills, 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

Bedford Hills Housing Market Information

With 3,101 people, 1,232 houses or apartments, and a median cost of homes of $823,945, Bedford Hills house prices are not only among the most expensive in New York, Bedford Hills real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Bedford Hills, accounting for 36.51% of the town's housing units. Other types of housing that are prevalent in Bedford Hills include single-family detached homes ( 35.64%), duplexes, homes converted to apartments or other small apartment buildings ( 23.76%), and a few row houses and other attached homes ( 4.09%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Bedford Hills primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Bedford Hills has a mixture of owner-occupied and renter-occupied housing.

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. Bedford Hills's housing was primarily built during this period, from the '40s through the '60s. A full 48.70% of the town's housing hails from this era. Other housing ages represented in Bedford Hills include homes built between 1970-1999 ( 23.68%) and housing constructed before 1939 ( 18.65%). There's also some housing in Bedford Hills built between 2000 and later ( 8.97%).

Bedford Hills Home Appreciation Rates

Bedford Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bedford Hills during the period has been just -1.01%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bedford Hills's appreciation rate, at 3.69%, has been at or slightly above the national average. In the latest quarter, Bedford Hills's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Bedford Hills's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$823,945

Bedford Hills, NY HOME PRICES

Value Range
> $1,067,000 28.5
$800,001 - $1,067,000 7.8
$533,001 - $800,000 31.4
$427,001 - $533,000 11.3
$320,001 - $427,000 9.9
$213,001 - $320,000 1.8
$107,001 - $213,000 6.2
$53,001 - $107,000 2.3
$0 - $53,000 0.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
1.77545997890543 5.49943883277217

Number Of Homes And Apartments:
1,232

Bedford Hills 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
49.59% 2.36% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,932 / per month

Homeownership Rate

Homeownership
Owners 41.55
Renters 58.45
Vacant 3.07

Housing Market Details

 

Age of Homes

AGE OF Bedford Hills HOMES
2000 or Newer 9.0
1970 - 1999 23.7
1940 - 1969 48.7
1939 or Older 18.6

Types of Homes

TYPE OF Bedford Hills HOMES
Single-Family 35.6
Townhomes 4.1
Small Apt. Buildings 23.8
Apt. Complexes 36.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bedford Hills HOMES
No Bedroom 0.94
1 Bedroom 34.46
2 Bedrooms 26.04
3 Bedrooms 26.59
4 Bedrooms 11.96
5 or more bedrooms 0.00