Cortlandt Manor, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cortlandt Manor Neighborhoods Since 2000




Cortlandt Manor, 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

Cortlandt Manor Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$440,957

Cortlandt Manor, NY HOME PRICES

Value Range
> $1,091,000 2.2
$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

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.69365990859018 20.7631874298541

Number Of Homes And Apartments:
1,734

Cortlandt Manor 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
39.54% 1.95% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,058 / per month

Homeownership Rate

Homeownership
Owners 85.91
Renters 14.09
Vacant 6.37

Housing Market Details

 

Age of Homes

AGE OF Cortlandt Manor HOMES
2000 or Newer 8.5
1970 - 1999 32.8
1940 - 1969 46.0
1939 or Older 12.7

Types of Homes

TYPE OF Cortlandt Manor HOMES
Single-Family 83.7
Townhomes 5.3
Small Apt. Buildings 6.9
Apt. Complexes 4.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cortlandt Manor HOMES
No Bedroom 0.92
1 Bedroom 6.34
2 Bedrooms 18.69
3 Bedrooms 40.67
4 Bedrooms 27.22
5 or more bedrooms 6.15