Gasport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gasport Neighborhoods Since 2000




Gasport, 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

Gasport Housing Market Information

With 1,238 people, 475 houses or apartments, and a median cost of homes of $123,886, house prices in Gasport are solidly below the national average.

Single-family detached homes are the single most common housing type in Gasport, accounting for 62.20% of the town's housing units. Other types of housing that are prevalent in Gasport include duplexes, homes converted to apartments or other small apartment buildings ( 35.02%), large apartment complexes or high rise apartments ( 2.79%).

The most prevalent building size and type in Gasport are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.46% owning and 36.54% renting.

The housing in Gasport was primarily built before 1939 ( 59.06%), making the housing stock in Gasport some of the oldest overall in America, although there is a range of ages of homes in Gasport. The next most important housing age is between 1940-1969 ( 27.70%), followed by between 1970-1999 ( 10.63%). There's also some housing in Gasport built between 2000 and later ( 2.61%).

Vacant housing appears to be an issue in Gasport. Fully 17.25% of the housing stock is classified as vacant. Left unchecked, vacant Gasport homes and apartments can be a drag on the real estate market, holding Gasport 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.

Gasport Home Appreciation Rates

Appreciation rates for homes in Gasport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.23%, which ranks in the top 30% nationwide. This equates to an annual average Gasport house appreciation rate of 1.16%.

Appreciation rates are so strong in Gasport that despite a nationwide downturn in the housing market, Gasport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gasport appreciation rates continue to be some of the highest in America, at 8.32%, which is higher than appreciation rates in 88.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gasport. Gasport appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.57%.

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

Average Home Values

 

Median Home Value:
$123,886

Gasport, NY HOME PRICES

Value Range
> $1,099,000 0.5
$824,001 - $1,099,000 1.8
$549,001 - $824,000 0.0
$440,001 - $549,000 0.0
$330,001 - $440,000 3.8
$220,001 - $330,000 7.0
$110,001 - $220,000 49.4
$55,001 - $110,000 30.6
$0 - $55,000 6.9

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
63.1958279620298 71.1560044893378

Number Of Homes And Apartments:
475

Gasport 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
37.15% 1.85% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$923 / per month

Homeownership Rate

Homeownership
Owners 63.46
Renters 36.54
Vacant 17.25

Housing Market Details

 

Age of Homes

AGE OF Gasport HOMES
2000 or Newer 2.6
1970 - 1999 10.6
1940 - 1969 27.7
1939 or Older 59.1

Types of Homes

TYPE OF Gasport HOMES
Single-Family 62.2
Townhomes 0.0
Small Apt. Buildings 35.0
Apt. Complexes 2.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Gasport HOMES
No Bedroom 0.00
1 Bedroom 8.89
2 Bedrooms 39.55
3 Bedrooms 34.32
4 Bedrooms 17.25
5 or more bedrooms 0.00