Canandaigua, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canandaigua Neighborhoods Since 2000




Canandaigua, 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

Canandaigua Housing Market Information

With a population of 10,431, 4,816 total housing units (homes and apartments), and a median house value of $164,295, Canandaigua real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Canandaigua, accounting for 41.63% of the city's housing units. Other types of housing that are prevalent in Canandaigua include large apartment complexes or high rise apartments ( 25.15%), duplexes, homes converted to apartments or other small apartment buildings ( 19.34%), and a few row houses and other attached homes ( 12.50%).

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

The housing in Canandaigua was primarily built before 1939 ( 45.60%), making the housing stock in Canandaigua some of the oldest overall in America, although there is a range of ages of homes in Canandaigua. The next most important housing age is between 1970-1999 ( 27.52%), followed by between 1940-1969 ( 20.28%). There's also some housing in Canandaigua built between 2000 and later ( 6.60%).

Canandaigua Home Appreciation Rates

Appreciation rates for homes in Canandaigua have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.09%, which ranks in the top 40% nationwide. This equates to an annual average Canandaigua house appreciation rate of 0.59%.

Over the last year, Canandaigua appreciation rates have trailed the rest of the nation. In the last twelve months, Canandaigua's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canandaigua were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

Relative to New York, our data show that Canandaigua's latest annual appreciation rate is lower than 70% 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 Canandaigua differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canandaigua - 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 Canandaigua real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$164,295

Canandaigua, NY HOME PRICES

Value Range
> $1,029,000 0.0
$772,001 - $1,029,000 0.8
$514,001 - $772,000 0.6
$412,001 - $514,000 0.8
$309,001 - $412,000 3.8
$206,001 - $309,000 17.9
$103,001 - $206,000 59.3
$51,001 - $103,000 12.0
$0 - $51,000 4.8

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
43.9470291808274 53.5353535353535

Number Of Homes And Apartments:
4,816

Canandaigua 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
32.86% 1.66% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 52.30
Renters 47.70
Vacant 9.73

Housing Market Details

 

Age of Homes

AGE OF Canandaigua HOMES
2000 or Newer 6.6
1970 - 1999 27.5
1940 - 1969 20.3
1939 or Older 45.6

Types of Homes

TYPE OF Canandaigua HOMES
Single-Family 41.6
Townhomes 12.5
Small Apt. Buildings 19.3
Apt. Complexes 25.2
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Canandaigua HOMES
No Bedroom 2.94
1 Bedroom 17.71
2 Bedrooms 30.95
3 Bedrooms 32.63
4 Bedrooms 12.05
5 or more bedrooms 3.71