menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Geneva, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Geneva, NY Housing Market Trends

With 12,503 people, 4,759 houses or apartments, and a median cost of homes of $170,954, house prices in Geneva are solidly below the national average.

Single-family detached homes are the single most common housing type in Geneva, accounting for 53.30% of the city's housing units. Other types of housing that are prevalent in Geneva include duplexes, homes converted to apartments or other small apartment buildings ( 24.15%), large apartment complexes or high rise apartments ( 20.44%), and a few row houses and other attached homes ( 1.95%).

People in Geneva primarily live in small (one, two or no bedroom) single-family detached homes. Geneva has a mixture of owner-occupied and renter-occupied housing.

The housing in Geneva was primarily built before 1939 ( 61.33%), making the housing stock in Geneva some of the oldest overall in America, although there is a range of ages of homes in Geneva. The next most important housing age is between 1940-1969 ( 25.72%), followed by between 1970-1999 ( 10.23%). There's also some housing in Geneva built between 2000 and later ( 2.73%).

Geneva Home Appreciation Rates

Appreciation rates for homes in Geneva have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.65%, which ranks in the top 50% nationwide. This equates to an annual average Geneva house appreciation rate of 6.27%.

Appreciation rates are so strong in Geneva that despite a nationwide downturn in the housing market, Geneva real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Geneva appreciation rates continue to be some of the highest in America, at 11.24%, which is higher than appreciation rates in 98.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Geneva. Geneva appreciation rates in the latest quarter were at 1.91%, which equates to an annual appreciation rate of 7.85%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Geneva differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Geneva - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Geneva real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$170,954

Geneva, NY Home Prices
> $1,334,000
$1,000,001 - $1,334,000
$667,001 - $1,000,000
$533,001 - $667,000
$400,001 - $533,000
$267,001 - $400,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
1.7%
1.7%
0.4%
0.4%
0.9%
0.9%
1.1%
1.1%
4.0%
4.0%
13.4%
13.4%
42.0%
42.0%
29.0%
29.0%
7.6%
7.6%
0% 100.0%
% of Homes
Very Low

for New york

Low

for nation

Number of Homes And Apartments:

4,759

Geneva Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,524 / per month

Homeownership Rate

Owners
Renters
39.8%
39.8%
60.2%
60.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.7%
2.7%
10.2%
10.2%
25.7%
25.7%
61.3%
61.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.3%
53.3%
2.0%
2.0%
24.1%
24.1%
20.4%
20.4%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
20.9%
20.9%
23.6%
23.6%
31.3%
31.3%
12.6%
12.6%
7.1%
7.1%
0% 100.0%
% of Homes