Cazenovia, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cazenovia Neighborhoods Since 2000




Cazenovia, 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

Cazenovia Housing Market Information

With a population of 2,855, 955 total housing units (homes and apartments), and a median house value of $219,218, Cazenovia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cazenovia, accounting for 63.16% of the village's housing units. Other types of housing that are prevalent in Cazenovia include large apartment complexes or high rise apartments ( 18.86%), duplexes, homes converted to apartments or other small apartment buildings ( 15.26%), and a few row houses and other attached homes ( 2.72%).

The most prevalent building size and type in Cazenovia are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 41.23% owning and 58.77% renting.

The housing in Cazenovia was primarily built before 1939 ( 51.49%), making the housing stock in Cazenovia some of the oldest overall in America, although there is a range of ages of homes in Cazenovia. The next most important housing age is between 1970-1999 ( 26.40%), followed by between 1940-1969 ( 15.53%). There's also some housing in Cazenovia built between 2000 and later ( 6.58%).

Vacant housing appears to be an issue in Cazenovia. Fully 16.23% of the housing stock is classified as vacant. Left unchecked, vacant Cazenovia homes and apartments can be a drag on the real estate market, holding Cazenovia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cazenovia Home Appreciation Rates

Real estate appreciation rates in Cazenovia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Over the last year, Cazenovia appreciation rates have trailed the rest of the nation. In the last twelve months, Cazenovia's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cazenovia were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

Relative to New York, our data show that Cazenovia's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$219,218

Cazenovia, NY HOME PRICES

Value Range
> $1,016,000 1.1
$762,001 - $1,016,000 1.9
$508,001 - $762,000 0.9
$407,001 - $508,000 5.1
$305,001 - $407,000 12.4
$203,001 - $305,000 30.2
$102,001 - $203,000 37.2
$51,001 - $102,000 6.8
$0 - $51,000 4.3

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
27.850697292863 41.0774410774411

Number Of Homes And Apartments:
955

Cazenovia 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
50.02% 2.38% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$918 / per month

Homeownership Rate

Homeownership
Owners 41.23
Renters 58.77
Vacant 16.23

Housing Market Details

 

Age of Homes

AGE OF Cazenovia HOMES
2000 or Newer 6.6
1970 - 1999 26.4
1940 - 1969 15.5
1939 or Older 51.5

Types of Homes

TYPE OF Cazenovia HOMES
Single-Family 63.2
Townhomes 2.7
Small Apt. Buildings 15.3
Apt. Complexes 18.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cazenovia HOMES
No Bedroom 1.49
1 Bedroom 18.33
2 Bedrooms 19.39
3 Bedrooms 32.89
4 Bedrooms 21.23
5 or more bedrooms 6.67