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
With 13,062 people, 4,694 houses or apartments, and a median cost of homes of $96,184, house prices in Geneva are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Geneva, accounting for 57.27% 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 ( 22.57%), large apartment complexes or high rise apartments ( 16.17%), and a few row houses and other attached homes ( 3.42%).
The most prevalent building size and type in Geneva are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.16% owning and 58.84% renting.
The housing in Geneva was primarily built before 1939 ( 63.97%), 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 ( 24.41%), followed by between 1970-1999 ( 8.02%). There's also some housing in Geneva built between 2000 and later ( 3.60%).
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 5.74%, which ranks in the top 40% nationwide. This equates to an annual average Geneva house appreciation rate of 0.56%.
Over the last year, Geneva appreciation rates have trailed the rest of the nation. In the last twelve months, Geneva's appreciation rate has been 0.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneva were at -0.57%, which equates to an annual appreciation rate of -2.26%.
Notably, Geneva's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Geneva's latest annual appreciation rate is lower than 70% 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.
|$759,001 - $1,012,000||0.6|
|$506,001 - $759,000||2.0|
|$405,001 - $506,000||0.4|
|$304,001 - $405,000||0.3|
|$202,001 - $304,000||3.3|
|$101,001 - $202,000||25.9|
|$51,001 - $101,000||57.4|
|$0 - $51,000||10.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Geneva HOMES|
|2000 or Newer||3.6|
|1970 - 1999||8.0|
|1940 - 1969||24.4|
|1939 or Older||64.0|
|TYPE OF Geneva HOMES|
|Small Apt. Buildings||22.6|
|SIZE OF Geneva HOMES|
|5 or more bedrooms||7.00|