Ellenville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ellenville Neighborhoods Since 2000




Ellenville, 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

Ellenville Housing Market Information

With 4,081 people, 1,452 houses or apartments, and a median cost of homes of $157,408, Ellenville 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 Ellenville, accounting for 54.91% of the village's housing units. Other types of housing that are prevalent in Ellenville include duplexes, homes converted to apartments or other small apartment buildings ( 28.70%), large apartment complexes or high rise apartments ( 11.26%), and a few mobile homes or trailers ( 2.98%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ellenville's housing was primarily built during this period, from the '40s through the '60s. A full 38.91% of the village's housing hails from this era. Other housing ages represented in Ellenville include homes built before 1939 ( 35.10%) and housing constructed between 1970-1999 ( 18.98%). There's also some housing in Ellenville built between 2000 and later ( 7.01%).

Vacant housing appears to be an issue in Ellenville. Fully 19.87% of the housing stock is classified as vacant. Left unchecked, vacant Ellenville homes and apartments can be a drag on the real estate market, holding Ellenville 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.

Ellenville Home Appreciation Rates

Ellenville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ellenville during the period has been just -1.73%, which is lower than 80% of US communities.

Appreciation rates are so strong in Ellenville that despite a nationwide downturn in the housing market, Ellenville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ellenville appreciation rates continue to be some of the highest in America, at 6.78%, which is higher than appreciation rates in 79.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ellenville. Ellenville appreciation rates in the latest quarter were at -2.15%, which equates to an annual appreciation rate of -8.33%.

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

Relative to New York, our data show that Ellenville's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$157,408

Ellenville, NY HOME PRICES

Value Range
> $1,029,000 0.0
$772,001 - $1,029,000 0.0
$515,001 - $772,000 0.0
$411,001 - $515,000 0.9
$309,001 - $411,000 1.9
$206,001 - $309,000 18.0
$103,001 - $206,000 58.2
$51,001 - $103,000 16.0
$0 - $51,000 4.9

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
46.8299542950897 55.8922558922559

Number Of Homes And Apartments:
1,452

Ellenville 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
61.05% 2.80% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,056 / per month

Homeownership Rate

Homeownership
Owners 53.54
Renters 46.46
Vacant 19.87

Housing Market Details

 

Age of Homes

AGE OF Ellenville HOMES
2000 or Newer 7.0
1970 - 1999 19.0
1940 - 1969 38.9
1939 or Older 35.1

Types of Homes

TYPE OF Ellenville HOMES
Single-Family 54.9
Townhomes 2.2
Small Apt. Buildings 28.7
Apt. Complexes 11.3
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Ellenville HOMES
No Bedroom 0.77
1 Bedroom 18.60
2 Bedrooms 30.24
3 Bedrooms 36.92
4 Bedrooms 6.57
5 or more bedrooms 6.90