Central Square, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Central Square Neighborhoods Since 2000




Central Square, NY Real Estate Data


Central Square Housing Market Information

With a population of 1,813, 783 total housing units (homes and apartments), and a median house value of $140,382, house prices in Central Square are solidly below the national average.

Single-family detached homes are the single most common housing type in Central Square, accounting for 50.71% of the village's housing units. Other types of housing that are prevalent in Central Square include large apartment complexes or high rise apartments ( 23.29%), duplexes, homes converted to apartments or other small apartment buildings ( 11.76%), and a few mobile homes or trailers ( 11.29%).

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 60.86% owning and 39.14% 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 ( 24.82%). A lesser amount of the housing stock also hails from before 1939 ( 19.88%). There's also some housing in Central Square built between 2000 and later ( 16.82%).

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 9.21%, which ranks in the top 40% nationwide. This equates to an annual average Central Square house appreciation rate of 0.88%.

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 2.28%, 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 -0.68%, which equates to an annual appreciation rate of -2.69%.

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 lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$140,382

Central Square, NY HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.0
$518,001 - $778,000 1.1
$415,001 - $518,000 0.0
$311,001 - $415,000 1.1
$208,001 - $311,000 19.1
$104,001 - $208,000 46.8
$52,001 - $104,000 19.6
$0 - $52,000 12.3

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
55.5542542601159 63.0751964085297

Number Of Homes And Apartments:
783

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 60.86
Renters 39.14
Vacant 7.88

Housing Market Details

 

Age of Homes

AGE OF Central Square HOMES
2000 or Newer 16.8
1970 - 1999 38.5
1940 - 1969 24.8
1939 or Older 19.9

Types of Homes

TYPE OF Central Square HOMES
Single-Family 50.7
Townhomes 2.9
Small Apt. Buildings 11.8
Apt. Complexes 23.3
Mobile Homes 11.3
Other 0.0

Home Size

SIZE OF Central Square HOMES
No Bedroom 0.35
1 Bedroom 15.18
2 Bedrooms 29.65
3 Bedrooms 33.65
4 Bedrooms 18.47
5 or more bedrooms 2.71

Central Square Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
50.11% 2.42% 4 6
* 10 is highest

Popular Neighborhoods in Central Square

Zip Codes in Central Square, NY