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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cornwall-on-Hudson HOMES|
|2000 or Newer||4.1|
|1970 - 1999||17.2|
|1940 - 1969||34.6|
|1939 or Older||44.1|
|TYPE OF Cornwall-on-Hudson HOMES|
|Small Apt. Buildings||11.0|
|SIZE OF Cornwall-on-Hudson HOMES|
|5 or more bedrooms||6.70|