East Aurora, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating East Aurora Neighborhoods Since 2000




East Aurora, NY Real Estate Data


East Aurora Housing Market Information

With 6,236 people, 2,538 houses or apartments, and a median cost of homes of $212,396, East Aurora real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in East Aurora, accounting for 60.37% of the village's housing units. Other types of housing that are prevalent in East Aurora include duplexes, homes converted to apartments or other small apartment buildings ( 26.26%), large apartment complexes or high rise apartments ( 8.35%), and a few row houses and other attached homes ( 4.59%).

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 Aurora. Owner-occupied housing accounts for 66.68% of East Aurora's homes, and 53.28% have either three or four bedrooms, which is average sized relative to America.

The housing in East Aurora was primarily built before 1939 ( 55.50%), making the housing stock in East Aurora some of the oldest overall in America, although there is a range of ages of homes in East Aurora. The next most important housing age is between 1940-1969 ( 22.64%), followed by between 1970-1999 ( 19.35%). There's also some housing in East Aurora built between 2000 and later ( 2.51%).

East Aurora Home Appreciation Rates

In the last 10 years, East Aurora has experienced some of the highest home appreciation rates of any community in the nation. East Aurora real estate appreciated 25.03% over the last ten years, which is an average annual home appreciation rate of 2.26%, putting East Aurora in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Aurora 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 Aurora appreciation rates have trailed the rest of the nation. In the last twelve months, East Aurora's appreciation rate has been 2.42%, 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 Aurora were at 2.02%, which equates to an annual appreciation rate of 8.33%.

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

Average Home Values

 

Median Home Value:
$212,396

East Aurora, NY HOME PRICES

Value Range
> $1,150,000 0.1
$862,001 - $1,150,000 0.3
$575,001 - $862,000 1.9
$460,001 - $575,000 2.4
$345,001 - $460,000 7.5
$230,001 - $345,000 25.6
$115,001 - $230,000 52.8
$58,001 - $115,000 5.2
$0 - $58,000 4.2

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
30.2277917667038 42.648709315376

Number Of Homes And Apartments:
2,538

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 66.68
Renters 33.32
Vacant 9.06

Housing Market Details

 

Age of Homes

AGE OF East Aurora HOMES
2000 or Newer 2.5
1970 - 1999 19.3
1940 - 1969 22.6
1939 or Older 55.5

Types of Homes

TYPE OF East Aurora HOMES
Single-Family 60.4
Townhomes 4.6
Small Apt. Buildings 26.3
Apt. Complexes 8.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF East Aurora HOMES
No Bedroom 0.00
1 Bedroom 11.00
2 Bedrooms 29.92
3 Bedrooms 32.50
4 Bedrooms 20.78
5 or more bedrooms 5.80

East Aurora 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
54.57% 2.59% 5 7
* 10 is highest