Cornwall-on-Hudson, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cornwall-on-Hudson Neighborhoods Since 2000




Cornwall-on-Hudson, 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

Cornwall-on-Hudson Housing Market Information

With a population of 2,966, 1,126 total housing units (homes and apartments), and a median house value of $348,965, real estate costs in Cornwall-on-Hudson are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Cornwall-on-Hudson, accounting for 75.98% of the village's housing units. Other types of housing that are prevalent in Cornwall-on-Hudson include large apartment complexes or high rise apartments ( 12.62%), duplexes, homes converted to apartments or other small apartment buildings ( 10.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cornwall-on-Hudson. Owner-occupied housing accounts for 69.17% of Cornwall-on-Hudson's homes, and 62.14% have either three or four bedrooms, which is average sized relative to America.

The housing in Cornwall-on-Hudson was primarily built before 1939 ( 44.13%), making the housing stock in Cornwall-on-Hudson some of the oldest overall in America, although there is a range of ages of homes in Cornwall-on-Hudson. The next most important housing age is between 1940-1969 ( 34.55%), followed by between 1970-1999 ( 17.23%). There's also some housing in Cornwall-on-Hudson built between 2000 and later ( 4.09%).

Cornwall-on-Hudson Home Appreciation Rates

Cornwall-on-Hudson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cornwall-on-Hudson during the period has been just -1.99%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cornwall-on-Hudson that despite a nationwide downturn in the housing market, Cornwall-on-Hudson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cornwall-on-Hudson appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 82.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cornwall-on-Hudson. Cornwall-on-Hudson appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Cornwall-on-Hudson's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$348,965

Cornwall-on-Hudson, NY HOME PRICES

Value Range
> $1,103,000 0.8
$828,001 - $1,103,000 0.3
$552,001 - $828,000 7.3
$441,001 - $552,000 16.4
$331,001 - $441,000 33.0
$221,001 - $331,000 26.7
$110,001 - $221,000 10.1
$55,001 - $110,000 1.3
$0 - $55,000 4.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
12.270010547287 28.7317620650954

Number Of Homes And Apartments:
1,126

Cornwall-on-Hudson 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
47.29% 2.27% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,711 / per month

Homeownership Rate

Homeownership
Owners 69.17
Renters 30.83
Vacant 2.00

Housing Market Details

 

Age of Homes

AGE OF Cornwall-on-Hudson HOMES
2000 or Newer 4.1
1970 - 1999 17.2
1940 - 1969 34.6
1939 or Older 44.1

Types of Homes

TYPE OF Cornwall-on-Hudson HOMES
Single-Family 76.0
Townhomes 0.4
Small Apt. Buildings 11.0
Apt. Complexes 12.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cornwall-on-Hudson HOMES
No Bedroom 1.91
1 Bedroom 11.31
2 Bedrooms 17.93
3 Bedrooms 40.64
4 Bedrooms 21.50
5 or more bedrooms 6.70

Popular Neighborhoods in Cornwall-on-Hudson

Zip Codes in Cornwall-on-Hudson, NY