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 24,167, 1,734 total housing units (homes and apartments), and a median house value of $440,957, real estate costs in Cortlandt Manor 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 Cortlandt Manor, accounting for 83.73% of the town's housing units. Other types of housing that are prevalent in Cortlandt Manor include duplexes, homes converted to apartments or other small apartment buildings ( 6.94%), row houses and other attached homes ( 5.26%), and a few large apartment complexes or high rise apartments ( 4.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cortlandt Manor. Owner-occupied housing accounts for 85.91% of Cortlandt Manor's homes, and 67.89% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cortlandt Manor's housing was primarily built during this period, from the '40s through the '60s. A full 45.99% of the town's housing hails from this era. Other housing ages represented in Cortlandt Manor include homes built between 1970-1999 ( 32.84%) and housing constructed before 1939 ( 12.71%). There's also some housing in Cortlandt Manor built between 2000 and later ( 8.46%).
Cortlandt Manor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cortlandt Manor during the period has been just -1.89%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Cortlandt Manor's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Cortlandt Manor's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New York, our data show that Cortlandt Manor'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 Cortlandt Manor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cortlandt Manor - 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 Cortlandt Manor real estate investment or home purchase decisions.
|$818,001 - $1,091,000||7.0|
|$545,001 - $818,000||21.1|
|$436,001 - $545,000||21.3|
|$327,001 - $436,000||29.5|
|$218,001 - $327,000||12.0|
|$109,001 - $218,000||3.9|
|$55,001 - $109,000||0.6|
|$0 - $55,000||2.5|
|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 Cortlandt Manor HOMES|
|2000 or Newer||8.5|
|1970 - 1999||32.8|
|1940 - 1969||46.0|
|1939 or Older||12.7|
|TYPE OF Cortlandt Manor HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Cortlandt Manor HOMES|
|5 or more bedrooms||6.15|