Gansevoort, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gansevoort, 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

Gansevoort Housing Market Information

With a population of 28,338, 2,780 total housing units (homes and apartments), and a median house value of $203,775, Gansevoort real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gansevoort, accounting for 63.42% of the town's housing units. Other types of housing that are prevalent in Gansevoort include mobile homes or trailers ( 18.66%), large apartment complexes or high rise apartments ( 9.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gansevoort. Owner-occupied housing accounts for 77.51% of Gansevoort's homes, and 65.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gansevoort 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 Gansevoort built between 2000 and later ( 27.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.87%). There's also some housing in Gansevoort built before 1939 ( 5.69%).

Gansevoort Home Appreciation Rates

Appreciation rates for homes in Gansevoort have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.55%, which ranks in the top 50% nationwide. This equates to an annual average Gansevoort house appreciation rate of 0.15%.

Over the last year, Gansevoort appreciation rates have trailed the rest of the nation. In the last twelve months, Gansevoort's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gansevoort were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Gansevoort's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$203,775

Gansevoort, NY HOME PRICES

Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 0.5
$529,001 - $793,000 2.7
$423,001 - $529,000 6.7
$317,001 - $423,000 15.1
$211,001 - $317,000 29.4
$106,001 - $211,000 23.8
$53,001 - $106,000 5.8
$0 - $53,000 16.1

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
31.3371616078753 44.1077441077441

Number Of Homes And Apartments:
2,780

Gansevoort 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
78.58% 3.42% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,470 / per month

Homeownership Rate

Homeownership
Owners 77.51
Renters 22.49
Vacant 5.69

Housing Market Details

 

Age of Homes

AGE OF Gansevoort HOMES
2000 or Newer 27.1
1970 - 1999 59.4
1940 - 1969 7.9
1939 or Older 5.7

Types of Homes

TYPE OF Gansevoort HOMES
Single-Family 63.4
Townhomes 2.2
Small Apt. Buildings 6.6
Apt. Complexes 9.2
Mobile Homes 18.7
Other 0.0

Home Size

SIZE OF Gansevoort HOMES
No Bedroom 0.10
1 Bedroom 4.54
2 Bedrooms 24.46
3 Bedrooms 45.10
4 Bedrooms 20.86
5 or more bedrooms 4.93