Greene, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Greene Neighborhoods Since 2000




Greene, 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

Greene Housing Market Information

With a population of 1,502, 685 total housing units (homes and apartments), and a median house value of $113,474, house prices in Greene are solidly below the national average.

Single-family detached homes are the single most common housing type in Greene, accounting for 49.68% of the village's housing units. Other types of housing that are prevalent in Greene include duplexes, homes converted to apartments or other small apartment buildings ( 29.53%), large apartment complexes or high rise apartments ( 14.83%), and a few mobile homes or trailers ( 4.44%).

The most prevalent building size and type in Greene are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 52.41% owning and 47.59% renting.

The housing in Greene was primarily built before 1939 ( 58.17%), making the housing stock in Greene some of the oldest overall in America, although there is a range of ages of homes in Greene. The next most important housing age is between 1940-1969 ( 22.18%), followed by between 1970-1999 ( 18.63%). There's also some housing in Greene built between 2000 and later ( 1.01%).

Vacant housing appears to be an issue in Greene. Fully 13.18% of the housing stock is classified as vacant. Left unchecked, vacant Greene homes and apartments can be a drag on the real estate market, holding Greene 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.

Greene Home Appreciation Rates

Appreciation rates for homes in Greene have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.71%, which ranks in the top 40% nationwide. This equates to an annual average Greene house appreciation rate of 0.65%.

Over the last year, Greene appreciation rates have trailed the rest of the nation. In the last twelve months, Greene's appreciation rate has been 1.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greene were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$113,474

Greene, NY HOME PRICES

Value Range
> $1,048,000 0.0
$786,001 - $1,048,000 0.0
$524,001 - $786,000 2.0
$419,001 - $524,000 0.8
$314,001 - $419,000 3.6
$209,001 - $314,000 16.2
$105,001 - $209,000 36.2
$52,001 - $105,000 25.5
$0 - $52,000 15.5

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
69.2898160084378 75.7575757575758

Number Of Homes And Apartments:
685

Greene 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
66.87% 3.01% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$741 / per month

Homeownership Rate

Homeownership
Owners 52.41
Renters 47.59
Vacant 13.18

Housing Market Details

 

Age of Homes

AGE OF Greene HOMES
2000 or Newer 1.0
1970 - 1999 18.6
1940 - 1969 22.2
1939 or Older 58.2

Types of Homes

TYPE OF Greene HOMES
Single-Family 49.7
Townhomes 1.3
Small Apt. Buildings 29.5
Apt. Complexes 14.8
Mobile Homes 4.4
Other 0.3

Home Size

SIZE OF Greene HOMES
No Bedroom 4.69
1 Bedroom 14.96
2 Bedrooms 27.25
3 Bedrooms 33.33
4 Bedrooms 15.08
5 or more bedrooms 4.69