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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 31,778, 12,369 total housing units (homes and apartments), and a median house value of $536,993, 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 82.80% of East Amherst's homes, and 73.15% 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 ( 25.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.87%). There's also some housing in East Amherst built before 1939 ( 2.57%).
Appreciation rates for homes in East Amherst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.87%, which ranks in the top 50% nationwide. This equates to an annual average East Amherst house appreciation rate of 6.34%.
Appreciation rates are so strong in East Amherst that despite a nationwide downturn in the housing market, East Amherst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Amherst appreciation rates continue to be some of the highest in America, at 7.14%, which is higher than appreciation rates in 75.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Amherst. East Amherst appreciation rates in the latest quarter were at 1.32%, which equates to an annual appreciation rate of 5.37%.
Relative to New York, our data show that East Amherst's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within East Amherst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Amherst - 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 East Amherst real estate investment or home purchase decisions.
$536,993
for New york
for nation
12,369
$2,568 / per month