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 about Scout's Real Estate Data
With 1,296 people, 567 houses or apartments, and a median cost of homes of $231,061, 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 97.80% 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 ( 2.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gasport. Owner-occupied housing accounts for 89.67% of Gasport's homes, and 62.79% have either three or four bedrooms, which is average sized relative to America.
The housing in Gasport was primarily built before 1939 ( 44.74%), 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 ( 43.49%), followed by between 1970-1999 ( 9.73%). There's also some housing in Gasport built between 2000 and later ( 2.04%).
Vacant housing appears to be an issue in Gasport. Fully 10.99% 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.
Real estate appreciation rates in Gasport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.61% during the period.
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 7.14%, which is higher than appreciation rates in 75.36% 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 1.32%, which equates to an annual appreciation rate of 5.37%.
Relative to New York, our data show that Gasport's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$231,061
for New york
for nation
567
$1,251 / per month