Geneva, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Geneva Neighborhoods Since 2000




Geneva, 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

Geneva Housing Market Information

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%).

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 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.

Average Home Values

 

Median Home Value:
$96,184

Geneva, NY HOME PRICES

Value Range
> $1,012,000 0.0
$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

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
80.0890659791398 86.4197530864197

Number Of Homes And Apartments:
4,694

Geneva 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
31.62% 1.61% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 41.16
Renters 58.84
Vacant 7.23

Housing Market Details

 

Age of Homes

AGE OF Geneva HOMES
2000 or Newer 3.6
1970 - 1999 8.0
1940 - 1969 24.4
1939 or Older 64.0

Types of Homes

TYPE OF Geneva HOMES
Single-Family 57.3
Townhomes 3.4
Small Apt. Buildings 22.6
Apt. Complexes 16.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Geneva HOMES
No Bedroom 2.55
1 Bedroom 19.92
2 Bedrooms 17.98
3 Bedrooms 36.72
4 Bedrooms 15.83
5 or more bedrooms 7.00