Central Square, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Central Square, 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

Central Square Housing Market Information

With a population of 1,813, 835 total housing units (homes and apartments), and a median house value of $140,251, Central Square 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 Central Square, accounting for 52.29% of the village's housing units. Other types of housing that are prevalent in Central Square include large apartment complexes or high rise apartments ( 24.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.48%), and a few mobile homes or trailers ( 8.81%).

The most prevalent building size and type in Central Square are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.54% owning and 38.46% renting.

There is a lot of housing in Central Square built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Central Square built between 1940-1969 ( 27.76%). A lesser amount of the housing stock also hails from before 1939 ( 18.51%). There's also some housing in Central Square built between 2000 and later ( 15.27%).

Central Square Home Appreciation Rates

Appreciation rates for homes in Central Square have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.23%, which ranks in the top 40% nationwide. This equates to an annual average Central Square house appreciation rate of 0.79%.

Over the last year, Central Square appreciation rates have trailed the rest of the nation. In the last twelve months, Central Square's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Central Square were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

Relative to New York, our data show that Central Square's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$140,251

Central Square, NY HOME PRICES

Value Range
> $1,067,000 0.0
$800,001 - $1,067,000 0.0
$533,001 - $800,000 1.4
$427,001 - $533,000 0.0
$320,001 - $427,000 1.4
$214,001 - $320,000 17.0
$107,001 - $214,000 47.2
$54,001 - $107,000 22.5
$0 - $54,000 10.5

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
54.6115082620415 64.0852974186307

Number Of Homes And Apartments:
835

Central Square 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
53.38% 2.51% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$836 / per month

Homeownership Rate

Homeownership
Owners 61.54
Renters 38.46
Vacant 6.91

Housing Market Details

 

Age of Homes

AGE OF Central Square HOMES
2000 or Newer 15.3
1970 - 1999 38.5
1940 - 1969 27.8
1939 or Older 18.5

Types of Homes

TYPE OF Central Square HOMES
Single-Family 52.3
Townhomes 3.6
Small Apt. Buildings 10.5
Apt. Complexes 24.9
Mobile Homes 8.8
Other 0.0

Home Size

SIZE OF Central Square HOMES
No Bedroom 1.34
1 Bedroom 16.83
2 Bedrooms 25.64
3 Bedrooms 35.01
4 Bedrooms 17.73
5 or more bedrooms 3.46

Popular Neighborhoods in Central Square

Zip Codes in Central Square, NY