Cuba, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cuba Neighborhoods Since 2000




Cuba, 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

Cuba Housing Market Information

With 1,529 people, 641 houses or apartments, and a median cost of homes of $74,173, house prices in Cuba are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Cuba, accounting for 66.12% of the village's housing units. Other types of housing that are prevalent in Cuba include duplexes, homes converted to apartments or other small apartment buildings ( 19.01%), large apartment complexes or high rise apartments ( 12.12%), and a few mobile homes or trailers ( 1.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cuba. Owner-occupied housing accounts for 65.78% of Cuba's homes, and 55.79% have either three or four bedrooms, which is average sized relative to America.

The housing in Cuba was primarily built before 1939 ( 59.23%), making the housing stock in Cuba some of the oldest overall in America, although there is a range of ages of homes in Cuba. The next most important housing age is between 1940-1969 ( 24.10%), followed by between 1970-1999 ( 14.74%). There's also some housing in Cuba built between 2000 and later ( 1.93%).

Vacant housing appears to be an issue in Cuba. Fully 11.71% of the housing stock is classified as vacant. Left unchecked, vacant Cuba homes and apartments can be a drag on the real estate market, holding Cuba real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cuba Home Appreciation Rates

Real estate appreciation rates in Cuba's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

Over the last year, Cuba appreciation rates have trailed the rest of the nation. In the last twelve months, Cuba's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cuba were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Cuba's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Cuba's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$74,173

Cuba, NY HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$507,001 - $761,000 1.9
$406,001 - $507,000 0.3
$304,001 - $406,000 2.7
$203,001 - $304,000 5.7
$101,001 - $203,000 15.7
$51,001 - $101,000 45.5
$0 - $51,000 28.3

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5192780968006 97.979797979798

Number Of Homes And Apartments:
641

Cuba 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
44.03% 2.14% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 65.78
Renters 34.22
Vacant 11.71

Housing Market Details

 

Age of Homes

AGE OF Cuba HOMES
2000 or Newer 1.9
1970 - 1999 14.7
1940 - 1969 24.1
1939 or Older 59.2

Types of Homes

TYPE OF Cuba HOMES
Single-Family 66.1
Townhomes 1.1
Small Apt. Buildings 19.0
Apt. Complexes 12.1
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Cuba HOMES
No Bedroom 0.00
1 Bedroom 12.67
2 Bedrooms 25.62
3 Bedrooms 37.05
4 Bedrooms 18.73
5 or more bedrooms 5.92