Goshen, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Goshen Neighborhoods Since 2000




Goshen, 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

Goshen Housing Market Information

With a population of 5,397, 2,186 total housing units (homes and apartments), and a median house value of $302,072, Goshen real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Goshen, accounting for 48.61% of the village's housing units. Other types of housing that are prevalent in Goshen include large apartment complexes or high rise apartments ( 28.47%), duplexes, homes converted to apartments or other small apartment buildings ( 18.62%), and a few row houses and other attached homes ( 3.94%).

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

The housing in Goshen was primarily built before 1939 ( 38.76%), making the housing stock in Goshen some of the oldest overall in America, although there is a range of ages of homes in Goshen. The next most important housing age is between 1970-1999 ( 35.83%), followed by between 1940-1969 ( 15.92%). There's also some housing in Goshen built between 2000 and later ( 9.49%).

Vacant housing appears to be an issue in Goshen. Fully 12.10% of the housing stock is classified as vacant. Left unchecked, vacant Goshen homes and apartments can be a drag on the real estate market, holding Goshen 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.

Goshen Home Appreciation Rates

Goshen's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Goshen during the period has been just -2.01%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Goshen's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Goshen's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Goshen's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$302,072

Goshen, NY HOME PRICES

Value Range
> $1,070,000 1.2
$803,001 - $1,070,000 4.4
$535,001 - $803,000 1.0
$428,001 - $535,000 11.7
$321,001 - $428,000 32.5
$214,001 - $321,000 31.2
$107,001 - $214,000 14.6
$53,001 - $107,000 1.1
$0 - $53,000 2.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
16.1607875307629 32.0987654320988

Number Of Homes And Apartments:
2,186

Goshen 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
40.66% 2.00% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,638 / per month

Homeownership Rate

Homeownership
Owners 50.09
Renters 49.91
Vacant 12.10

Housing Market Details

 

Age of Homes

AGE OF Goshen HOMES
2000 or Newer 9.5
1970 - 1999 35.8
1940 - 1969 15.9
1939 or Older 38.8

Types of Homes

TYPE OF Goshen HOMES
Single-Family 48.6
Townhomes 3.9
Small Apt. Buildings 18.6
Apt. Complexes 28.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Goshen HOMES
No Bedroom 3.90
1 Bedroom 27.66
2 Bedrooms 22.07
3 Bedrooms 24.09
4 Bedrooms 16.32
5 or more bedrooms 5.95