Dobbs Ferry, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dobbs Ferry, NY Real Estate Data


Dobbs Ferry Housing Market Information

With a population of 11,131, 3,717 total housing units (homes and apartments), and a median house value of $658,016, Dobbs Ferry house prices are not only among the most expensive in New York, Dobbs Ferry real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Dobbs Ferry, accounting for 40.06% of the village's housing units. Other types of housing that are prevalent in Dobbs Ferry include duplexes, homes converted to apartments or other small apartment buildings ( 24.52%), large apartment complexes or high rise apartments ( 23.78%), and a few row houses and other attached homes ( 11.64%).

The most prevalent building size and type in Dobbs Ferry are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.26% owning and 44.74% renting.

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. Dobbs Ferry's housing was primarily built during this period, from the '40s through the '60s. A full 47.35% of the village's housing hails from this era. Other housing ages represented in Dobbs Ferry include homes built before 1939 ( 30.42%) and housing constructed between 1970-1999 ( 19.20%). There's also some housing in Dobbs Ferry built between 2000 and later ( 3.03%).

Dobbs Ferry Home Appreciation Rates

Appreciation rates for homes in Dobbs Ferry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.91%, which ranks in the top 50% nationwide. This equates to an annual average Dobbs Ferry house appreciation rate of 0.29%.

NeighborhoodScout's data show that during the latest twelve months, Dobbs Ferry's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Dobbs Ferry's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$658,016

Dobbs Ferry, NY HOME PRICES

Value Range
> $1,169,000 8.7
$877,001 - $1,169,000 14.8
$584,001 - $877,000 41.0
$468,001 - $584,000 11.3
$351,001 - $468,000 7.2
$234,001 - $351,000 12.2
$117,001 - $234,000 2.2
$59,001 - $117,000 0.2
$0 - $59,000 2.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.23827370146981 8.75420875420875

Number Of Homes And Apartments:
3,717

Rent & Ownership

 

Average Market Rent:
$2,039 / per month

Homeownership Rate

Homeownership
Owners 55.26
Renters 44.74
Vacant 2.11

Housing Market Details

 

Age of Homes

AGE OF Dobbs Ferry HOMES
2000 or Newer 3.0
1970 - 1999 19.2
1940 - 1969 47.4
1939 or Older 30.4

Types of Homes

TYPE OF Dobbs Ferry HOMES
Single-Family 40.1
Townhomes 11.6
Small Apt. Buildings 24.5
Apt. Complexes 23.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dobbs Ferry HOMES
No Bedroom 5.06
1 Bedroom 14.72
2 Bedrooms 26.34
3 Bedrooms 34.63
4 Bedrooms 16.14
5 or more bedrooms 3.11

Dobbs Ferry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
76.95% 3.41% 9 9
* 10 is highest