Cicero, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cicero, 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

Cicero Housing Market Information

With 21,472 people, 1,514 houses or apartments, and a median cost of homes of $186,083, Cicero real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cicero, accounting for 85.96% of the town's housing units. Other types of housing that are prevalent in Cicero include large apartment complexes or high rise apartments ( 7.74%), row houses and other attached homes ( 3.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cicero. Owner-occupied housing accounts for 84.48% of Cicero's homes, and 75.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cicero 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 Cicero built between 1940-1969 ( 27.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.07%). There's also some housing in Cicero built before 1939 ( 5.80%).

Cicero Home Appreciation Rates

Homes have actually lost value in Cicero over the last then years, as home values have seen a decline of 22.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cicero home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

NeighborhoodScout's data show that during the latest twelve months, Cicero's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Cicero's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to New York, our data show that Cicero's latest annual appreciation rate is higher than 60% 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 town. Individual neighborhoods within Cicero differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cicero - 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 Cicero real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$186,083

Cicero, NY HOME PRICES

Value Range
> $1,113,000 0.5
$835,001 - $1,113,000 0.2
$557,001 - $835,000 2.6
$445,001 - $557,000 1.3
$334,001 - $445,000 5.7
$223,001 - $334,000 21.1
$111,001 - $223,000 47.0
$56,001 - $111,000 14.3
$0 - $56,000 7.3

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
36.0424235321692 47.5869809203143

Number Of Homes And Apartments:
1,514

Cicero 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
29.38% 1.50% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 84.48
Renters 15.52
Vacant 3.48

Housing Market Details

 

Age of Homes

AGE OF Cicero HOMES
2000 or Newer 19.1
1970 - 1999 47.9
1940 - 1969 27.3
1939 or Older 5.8

Types of Homes

TYPE OF Cicero HOMES
Single-Family 86.0
Townhomes 3.0
Small Apt. Buildings 2.8
Apt. Complexes 7.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Cicero HOMES
No Bedroom 0.14
1 Bedroom 5.09
2 Bedrooms 16.11
3 Bedrooms 41.79
4 Bedrooms 33.32
5 or more bedrooms 3.56