Fredonia, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fredonia Neighborhoods Since 2000




Fredonia, 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

Fredonia Housing Market Information

With a population of 10,705, 3,812 total housing units (homes and apartments), and a median house value of $133,329, 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 56.16% 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 ( 24.37%), large apartment complexes or high rise apartments ( 16.71%), and a few row houses and other attached homes ( 2.44%).

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 48.53% owning and 51.47% renting.

The housing in Fredonia was primarily built before 1939 ( 45.49%), 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 ( 29.07%), followed by between 1970-1999 ( 17.94%). There's also some housing in Fredonia built between 2000 and later ( 7.51%).

Vacant housing appears to be an issue in Fredonia. Fully 16.31% 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.

Fredonia Home Appreciation Rates

Appreciation rates for homes in Fredonia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.25%, which ranks in the top 50% nationwide. This equates to an annual average Fredonia house appreciation rate of 0.32%.

Over the last year, Fredonia appreciation rates have trailed the rest of the nation. In the last twelve months, Fredonia's appreciation rate has been -3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fredonia were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$133,329

Fredonia, NY HOME PRICES

Value Range
> $1,002,000 0.0
$751,001 - $1,002,000 0.0
$501,001 - $751,000 1.0
$401,001 - $501,000 2.9
$301,001 - $401,000 4.0
$201,001 - $301,000 12.9
$100,001 - $201,000 56.8
$50,001 - $100,000 21.0
$0 - $50,000 1.5

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
58.0686745575999 67.1156004489338

Number Of Homes And Apartments:
3,812

Fredonia 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
33.01% 1.67% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 48.53
Renters 51.47
Vacant 16.31

Housing Market Details

 

Age of Homes

AGE OF Fredonia HOMES
2000 or Newer 7.5
1970 - 1999 17.9
1940 - 1969 29.1
1939 or Older 45.5

Types of Homes

TYPE OF Fredonia HOMES
Single-Family 56.2
Townhomes 2.4
Small Apt. Buildings 24.4
Apt. Complexes 16.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Fredonia HOMES
No Bedroom 1.19
1 Bedroom 12.78
2 Bedrooms 25.25
3 Bedrooms 39.25
4 Bedrooms 16.55
5 or more bedrooms 4.98