Depew, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Depew Neighborhoods Since 2000




Depew, 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

Depew Housing Market Information

With a population of 15,146, 6,496 total housing units (homes and apartments), and a median house value of $129,486, house prices in Depew are solidly below the national average.

Single-family detached homes are the single most common housing type in Depew, accounting for 65.19% of the village's housing units. Other types of housing that are prevalent in Depew include duplexes, homes converted to apartments or other small apartment buildings ( 26.96%), large apartment complexes or high rise apartments ( 4.43%), and a few row houses and other attached homes ( 2.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Depew. Owner-occupied housing accounts for 72.87% of Depew's homes, and 69.33% 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. Depew's housing was primarily built during this period, from the '40s through the '60s. A full 64.38% of the village's housing hails from this era. Other housing ages represented in Depew include homes built before 1939 ( 19.71%) and housing constructed between 1970-1999 ( 15.19%).

Depew Home Appreciation Rates

In the last 10 years, Depew has experienced some of the highest home appreciation rates of any community in the nation. Depew real estate appreciated 21.55% over the last ten years, which is an average annual home appreciation rate of 1.97%, putting Depew in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Depew definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Depew that despite a nationwide downturn in the housing market, Depew real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Depew appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 88.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Depew. Depew appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Depew's latest annual appreciation rate is higher than 90% 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 village. Individual neighborhoods within Depew differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Depew - 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 Depew real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,486

Depew, NY HOME PRICES

Value Range
> $1,167,000 0.1
$875,001 - $1,167,000 0.2
$583,001 - $875,000 0.0
$467,001 - $583,000 0.0
$350,001 - $467,000 0.4
$233,001 - $350,000 1.7
$117,001 - $233,000 58.2
$58,001 - $117,000 35.0
$0 - $58,000 4.5

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
60.1664127504981 68.9113355780022

Number Of Homes And Apartments:
6,496

Depew 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
48.53% 2.32% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$967 / per month

Homeownership Rate

Homeownership
Owners 72.87
Renters 27.13
Vacant 5.94

Housing Market Details

 

Age of Homes

AGE OF Depew HOMES
2000 or Newer 0.7
1970 - 1999 15.2
1940 - 1969 64.4
1939 or Older 19.7

Types of Homes

TYPE OF Depew HOMES
Single-Family 65.2
Townhomes 2.3
Small Apt. Buildings 27.0
Apt. Complexes 4.4
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Depew HOMES
No Bedroom 0.58
1 Bedroom 5.73
2 Bedrooms 22.31
3 Bedrooms 58.07
4 Bedrooms 11.27
5 or more bedrooms 2.04