Dannemora, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dannemora Neighborhoods Since 2000




Dannemora, 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

Dannemora Housing Market Information

With a population of 3,629, 392 total housing units (homes and apartments), and a median house value of $101,387, house prices in Dannemora are solidly below the national average.

Single-family detached homes are the single most common housing type in Dannemora, accounting for 68.19% of the village's housing units. Other types of housing that are prevalent in Dannemora include duplexes, homes converted to apartments or other small apartment buildings ( 20.70%), large apartment complexes or high rise apartments ( 5.88%), and a few mobile homes or trailers ( 3.05%).

Renters dominate Dannemora's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

The housing in Dannemora was primarily built before 1939 ( 53.81%), making the housing stock in Dannemora some of the oldest overall in America, although there is a range of ages of homes in Dannemora. The next most important housing age is between 1970-1999 ( 23.31%), followed by between 1940-1969 ( 22.88%).

Vacant housing appears to be an issue in Dannemora. Fully 14.60% of the housing stock is classified as vacant. Left unchecked, vacant Dannemora homes and apartments can be a drag on the real estate market, holding Dannemora 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.

Dannemora Home Appreciation Rates

Appreciation rates for homes in Dannemora have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.23%, which ranks in the top 40% nationwide. This equates to an annual average Dannemora house appreciation rate of 0.70%.

Over the last year, Dannemora appreciation rates have trailed the rest of the nation. In the last twelve months, Dannemora's appreciation rate has been 1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dannemora were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

Relative to New York, our data show that Dannemora's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$101,387

Dannemora, NY HOME PRICES

Value Range
> $1,051,000 0.7
$788,001 - $1,051,000 0.5
$526,001 - $788,000 0.7
$420,001 - $526,000 0.5
$315,001 - $420,000 3.2
$210,001 - $315,000 10.7
$105,001 - $210,000 29.6
$52,001 - $105,000 35.7
$0 - $52,000 18.4

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
76.7256533458338 82.8282828282828

Number Of Homes And Apartments:
392

Dannemora 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
66.74% 3.01% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 14.41
Renters 85.59
Vacant 14.60

Housing Market Details

 

Age of Homes

AGE OF Dannemora HOMES
2000 or Newer 0.0
1970 - 1999 23.3
1940 - 1969 22.9
1939 or Older 53.8

Types of Homes

TYPE OF Dannemora HOMES
Single-Family 68.2
Townhomes 2.2
Small Apt. Buildings 20.7
Apt. Complexes 5.9
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Dannemora HOMES
No Bedroom 0.00
1 Bedroom 1.74
2 Bedrooms 30.72
3 Bedrooms 47.71
4 Bedrooms 18.74
5 or more bedrooms 1.09

Popular Neighborhoods in Dannemora

Zip Codes in Dannemora, NY