Dundee, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dundee Neighborhoods Since 2000




Dundee, 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

Dundee Housing Market Information

With 1,665 people, 686 houses or apartments, and a median cost of homes of $151,719, Dundee real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Dundee, accounting for 46.14% of the village's housing units. Other types of housing that are prevalent in Dundee include large apartment complexes or high rise apartments ( 19.54%), duplexes, homes converted to apartments or other small apartment buildings ( 18.77%), and a few mobile homes or trailers ( 13.37%).

People in Dundee primarily live in small (one, two or no bedroom) single-family detached homes. Dundee has a mixture of owner-occupied and renter-occupied housing.

The housing in Dundee was primarily built before 1939 ( 55.78%), making the housing stock in Dundee some of the oldest overall in America, although there is a range of ages of homes in Dundee. The next most important housing age is between 1970-1999 ( 25.71%), followed by between 1940-1969 ( 15.94%). There's also some housing in Dundee built between 2000 and later ( 2.57%).

Vacant housing appears to be an issue in Dundee. Fully 11.83% of the housing stock is classified as vacant. Left unchecked, vacant Dundee homes and apartments can be a drag on the real estate market, holding Dundee 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.

Dundee Home Appreciation Rates

In the last 10 years, Dundee has experienced some of the highest home appreciation rates of any community in the nation. Dundee real estate appreciated 18.04% over the last ten years, which is an average annual home appreciation rate of 1.67%, putting Dundee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dundee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dundee's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Dundee's appreciation rate has been -0.57%, which annualizes to a rate of -2.26%.

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

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

Average Home Values

 

Median Home Value:
$151,719

Dundee, NY HOME PRICES

Value Range
> $1,081,000 0.1
$811,001 - $1,081,000 1.3
$541,001 - $811,000 6.9
$432,001 - $541,000 4.1
$324,001 - $432,000 8.2
$216,001 - $324,000 13.5
$108,001 - $216,000 26.3
$54,001 - $108,000 28.1
$0 - $54,000 11.3

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
49.2441110980898 59.1470258136925

Number Of Homes And Apartments:
686

Dundee 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
62.76% 2.86% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 53.79
Renters 46.21
Vacant 11.83

Housing Market Details

 

Age of Homes

AGE OF Dundee HOMES
2000 or Newer 2.6
1970 - 1999 25.7
1940 - 1969 15.9
1939 or Older 55.8

Types of Homes

TYPE OF Dundee HOMES
Single-Family 46.1
Townhomes 2.2
Small Apt. Buildings 18.8
Apt. Complexes 19.5
Mobile Homes 13.4
Other 0.0

Home Size

SIZE OF Dundee HOMES
No Bedroom 1.93
1 Bedroom 21.08
2 Bedrooms 28.28
3 Bedrooms 30.46
4 Bedrooms 13.88
5 or more bedrooms 4.37

Popular Neighborhoods in Dundee

Zip Codes in Dundee, NY