East Amherst, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating East Amherst Neighborhoods Since 2000




East Amherst, 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

East Amherst Housing Market Information

With 24,914 people, 2,376 houses or apartments, and a median cost of homes of $316,773, real estate costs in East Amherst are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

East Amherst is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in East Amherst than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Amherst. Owner-occupied housing accounts for 88.26% of East Amherst's homes, and 76.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Amherst built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in East Amherst built between 2000 and later ( 16.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.05%). There's also some housing in East Amherst built before 1939 ( 2.98%).

East Amherst Home Appreciation Rates

In the last 10 years, East Amherst has experienced some of the highest home appreciation rates of any community in the nation. East Amherst real estate appreciated 18.98% over the last ten years, which is an average annual home appreciation rate of 1.75%, putting East Amherst in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Amherst definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, East Amherst appreciation rates have trailed the rest of the nation. In the last twelve months, East Amherst's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Amherst were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that East Amherst's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$316,773

East Amherst, NY HOME PRICES

Value Range
> $1,118,000 1.1
$838,001 - $1,118,000 0.8
$559,001 - $838,000 7.2
$447,001 - $559,000 6.5
$336,001 - $447,000 20.3
$224,001 - $336,000 40.3
$112,001 - $224,000 19.3
$56,001 - $112,000 2.9
$0 - $56,000 1.6

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
14.871674674792 30.8641975308642

Number Of Homes And Apartments:
2,376

East Amherst 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
53.20% 2.50% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,482 / per month

Homeownership Rate

Homeownership
Owners 88.26
Renters 11.74
Vacant 2.82

Housing Market Details

 

Age of Homes

AGE OF East Amherst HOMES
2000 or Newer 16.5
1970 - 1999 70.5
1940 - 1969 10.1
1939 or Older 3.0

Types of Homes

TYPE OF East Amherst HOMES
Single-Family 84.2
Townhomes 5.5
Small Apt. Buildings 2.7
Apt. Complexes 7.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF East Amherst HOMES
No Bedroom 1.34
1 Bedroom 3.36
2 Bedrooms 12.39
3 Bedrooms 23.34
4 Bedrooms 53.35
5 or more bedrooms 6.23