Geneseo, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Geneseo Neighborhoods Since 2000




Geneseo, 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

Geneseo Housing Market Information

With 8,173 people, 1,881 houses or apartments, and a median cost of homes of $166,231, Geneseo real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Geneseo, accounting for 40.66% of the village's housing units. Other types of housing that are prevalent in Geneseo include single-family detached homes ( 38.60%), duplexes, homes converted to apartments or other small apartment buildings ( 15.76%), and a few row houses and other attached homes ( 4.98%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Renters dominate Geneseo's housing market, and most live in three of four bedroom dwellings.

There is a lot of housing in Geneseo 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 Geneseo built before 1939 ( 23.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.44%). There's also some housing in Geneseo built between 2000 and later ( 10.25%).

Geneseo Home Appreciation Rates

In the last 10 years, Geneseo has experienced some of the highest home appreciation rates of any community in the nation. Geneseo real estate appreciated 16.75% over the last ten years, which is an average annual home appreciation rate of 1.56%, putting Geneseo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Geneseo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Geneseo appreciation rates have trailed the rest of the nation. In the last twelve months, Geneseo's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneseo were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

Relative to New York, our data show that Geneseo's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$166,231

Geneseo, NY HOME PRICES

Value Range
> $1,069,000 0.9
$801,001 - $1,069,000 0.2
$534,001 - $801,000 2.0
$427,001 - $534,000 0.9
$320,001 - $427,000 2.5
$214,001 - $320,000 14.4
$107,001 - $214,000 59.4
$54,001 - $107,000 16.2
$0 - $54,000 3.5

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
43.1559826555725 52.8619528619529

Number Of Homes And Apartments:
1,881

Geneseo 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
56.07% 2.61% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 25.03
Renters 74.97
Vacant 9.91

Housing Market Details

 

Age of Homes

AGE OF Geneseo HOMES
2000 or Newer 10.2
1970 - 1999 46.7
1940 - 1969 19.4
1939 or Older 23.6

Types of Homes

TYPE OF Geneseo HOMES
Single-Family 38.6
Townhomes 5.0
Small Apt. Buildings 15.8
Apt. Complexes 40.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Geneseo HOMES
No Bedroom 4.84
1 Bedroom 13.94
2 Bedrooms 21.60
3 Bedrooms 26.72
4 Bedrooms 26.58
5 or more bedrooms 6.32