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
With 10,501 people, 3,627 houses or apartments, and a median cost of homes of $136,787, house prices in Fredonia are solidly below the national average.
Single-family detached homes are the single most common housing type in Fredonia, accounting for 53.11% of the village's housing units. Other types of housing that are prevalent in Fredonia include duplexes, homes converted to apartments or other small apartment buildings ( 20.89%), large apartment complexes or high rise apartments ( 17.98%), and a few row houses and other attached homes ( 5.86%).
The most prevalent building size and type in Fredonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 50.23% owning and 49.77% renting.
The housing in Fredonia was primarily built before 1939 ( 39.71%), making the housing stock in Fredonia some of the oldest overall in America, although there is a range of ages of homes in Fredonia. The next most important housing age is between 1940-1969 ( 32.74%), followed by between 1970-1999 ( 22.65%). There's also some housing in Fredonia built between 2000 and later ( 4.90%).
Vacant housing appears to be an issue in Fredonia. Fully 15.73% of the housing stock is classified as vacant. Left unchecked, vacant Fredonia homes and apartments can be a drag on the real estate market, holding Fredonia 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Fredonia, where house values have increased just 0.35%, which is annualized rate of 0.04%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Fredonia's appreciation rate, at 4.69%, has been at or slightly above the national average. In the latest quarter, Fredonia's appreciation rate has been 2.62%, which annualizes to a rate of 10.90%.
Importantly, this makes Fredonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Fredonia's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
|$762,001 - $1,017,000||0.0|
|$508,001 - $762,000||1.1|
|$407,001 - $508,000||1.2|
|$305,001 - $407,000||6.0|
|$203,001 - $305,000||14.6|
|$102,001 - $203,000||48.9|
|$51,001 - $102,000||24.0|
|$0 - $51,000||4.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Fredonia HOMES|
|2000 or Newer||4.9|
|1970 - 1999||22.7|
|1940 - 1969||32.7|
|1939 or Older||39.7|
|TYPE OF Fredonia HOMES|
|Small Apt. Buildings||20.9|
|SIZE OF Fredonia HOMES|
|5 or more bedrooms||5.16|