Deposit, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Deposit Neighborhoods Since 2000




Deposit, 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

Deposit Housing Market Information

With 1,598 people, 744 houses or apartments, and a median cost of homes of $126,434, house prices in Deposit are solidly below the national average.

Single-family detached homes are the single most common housing type in Deposit, accounting for 60.28% of the village's housing units. Other types of housing that are prevalent in Deposit include duplexes, homes converted to apartments or other small apartment buildings ( 25.51%), large apartment complexes or high rise apartments ( 10.66%), and a few mobile homes or trailers ( 2.80%).

The most prevalent building size and type in Deposit are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.78% owning and 44.22% renting.

The housing in Deposit was primarily built before 1939 ( 55.65%), making the housing stock in Deposit some of the oldest overall in America, although there is a range of ages of homes in Deposit. The next most important housing age is between 1940-1969 ( 27.13%), followed by between 1970-1999 ( 15.50%). There's also some housing in Deposit built between 2000 and later ( 1.72%).

Vacant housing appears to be an issue in Deposit. Fully 19.91% of the housing stock is classified as vacant. Left unchecked, vacant Deposit homes and apartments can be a drag on the real estate market, holding Deposit 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.

Deposit Home Appreciation Rates

Appreciation rates for homes in Deposit have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.85%, which ranks in the top 40% nationwide. This equates to an annual average Deposit house appreciation rate of 0.76%.

Over the last year, Deposit appreciation rates have trailed the rest of the nation. In the last twelve months, Deposit's appreciation rate has been 0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Deposit were at -1.70%, which equates to an annual appreciation rate of -6.62%.

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

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

Average Home Values

 

Median Home Value:
$126,434

Deposit, NY HOME PRICES

Value Range
> $1,051,000 0.3
$788,001 - $1,051,000 0.4
$526,001 - $788,000 2.3
$420,001 - $526,000 1.2
$315,001 - $420,000 3.4
$210,001 - $315,000 14.7
$105,001 - $210,000 35.4
$52,001 - $105,000 30.9
$0 - $52,000 11.4

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
61.7309269893355 70.2581369248036

Number Of Homes And Apartments:
744

Deposit 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
65.47% 2.96% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$753 / per month

Homeownership Rate

Homeownership
Owners 55.78
Renters 44.22
Vacant 19.91

Housing Market Details

 

Age of Homes

AGE OF Deposit HOMES
2000 or Newer 1.7
1970 - 1999 15.5
1940 - 1969 27.1
1939 or Older 55.7

Types of Homes

TYPE OF Deposit HOMES
Single-Family 60.3
Townhomes 0.8
Small Apt. Buildings 25.5
Apt. Complexes 10.7
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Deposit HOMES
No Bedroom 2.05
1 Bedroom 13.78
2 Bedrooms 25.08
3 Bedrooms 34.55
4 Bedrooms 17.33
5 or more bedrooms 7.21

Popular Neighborhoods in Deposit

Zip Codes in Deposit, NY