Dunkirk, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dunkirk Neighborhoods Since 2000




Dunkirk, 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

Dunkirk Housing Market Information

With 12,081 people, 5,351 houses or apartments, and a median cost of homes of $64,312, house prices in Dunkirk are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Dunkirk, accounting for 60.47% of the city's housing units. Other types of housing that are prevalent in Dunkirk include duplexes, homes converted to apartments or other small apartment buildings ( 30.71%), large apartment complexes or high rise apartments ( 4.90%), and a few row houses and other attached homes ( 3.07%).

The most prevalent building size and type in Dunkirk are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.44% owning and 40.56% renting.

The housing in Dunkirk was primarily built before 1939 ( 57.51%), making the housing stock in Dunkirk some of the oldest overall in America, although there is a range of ages of homes in Dunkirk. The next most important housing age is between 1940-1969 ( 34.15%), followed by between 1970-1999 ( 7.86%).

Vacant housing appears to be an issue in Dunkirk. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Dunkirk homes and apartments can be a drag on the real estate market, holding Dunkirk 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.

Dunkirk Home Appreciation Rates

Real estate appreciation rates in Dunkirk's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

Over the last year, Dunkirk appreciation rates have trailed the rest of the nation. In the last twelve months, Dunkirk's appreciation rate has been -0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dunkirk were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

Relative to New York, our data show that Dunkirk's latest annual appreciation rate is lower than 80% 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 city. Individual neighborhoods within Dunkirk differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dunkirk - 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 Dunkirk real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$64,312

Dunkirk, NY HOME PRICES

Value Range
> $976,000 0.0
$732,001 - $976,000 0.4
$488,001 - $732,000 0.0
$390,001 - $488,000 0.7
$293,001 - $390,000 1.7
$195,001 - $293,000 0.2
$97,001 - $195,000 11.6
$49,001 - $97,000 54.9
$0 - $49,000 30.3

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
96.9998828079222 99.5510662177329

Number Of Homes And Apartments:
5,351

Dunkirk 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
6.02% 0.34% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 59.44
Renters 40.56
Vacant 12.02

Housing Market Details

 

Age of Homes

AGE OF Dunkirk HOMES
2000 or Newer 0.5
1970 - 1999 7.9
1940 - 1969 34.1
1939 or Older 57.5

Types of Homes

TYPE OF Dunkirk HOMES
Single-Family 60.5
Townhomes 3.1
Small Apt. Buildings 30.7
Apt. Complexes 4.9
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Dunkirk HOMES
No Bedroom 1.59
1 Bedroom 10.51
2 Bedrooms 28.99
3 Bedrooms 40.87
4 Bedrooms 14.58
5 or more bedrooms 3.45