Greenfield Center, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greenfield Center, 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

Greenfield Center Housing Market Information

With 8,024 people, 1,716 houses or apartments, and a median cost of homes of $223,734, Greenfield Center real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Greenfield Center, accounting for 73.19% of the town's housing units. Other types of housing that are prevalent in Greenfield Center include mobile homes or trailers ( 15.84%), large apartment complexes or high rise apartments ( 6.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greenfield Center. Owner-occupied housing accounts for 81.00% of Greenfield Center's homes, and 67.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greenfield Center built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greenfield Center built before 1939 ( 16.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.12%). There's also some housing in Greenfield Center built between 1940-1969 ( 14.53%).

Vacant housing appears to be an issue in Greenfield Center. Fully 15.73% of the housing stock is classified as vacant. Left unchecked, vacant Greenfield Center homes and apartments can be a drag on the real estate market, holding Greenfield Center 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.

Greenfield Center Home Appreciation Rates

Appreciation rates for homes in Greenfield Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.63%, which ranks in the top 50% nationwide. This equates to an annual average Greenfield Center house appreciation rate of 0.16%.

Over the last year, Greenfield Center appreciation rates have trailed the rest of the nation. In the last twelve months, Greenfield Center's appreciation rate has been 0.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenfield Center were at 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$223,734

Greenfield Center, NY HOME PRICES

Value Range
> $1,035,000 0.8
$776,001 - $1,035,000 0.4
$518,001 - $776,000 2.6
$414,001 - $518,000 6.8
$311,001 - $414,000 13.7
$207,001 - $311,000 31.2
$104,001 - $207,000 28.0
$52,001 - $104,000 4.8
$0 - $52,000 11.7

High for NY
High for Nation

Value Relative to Nation Value Relative to State
27.0186335403727 39.9551066217733

Number Of Homes And Apartments:
1,716

Greenfield Center 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
76.12% 3.34% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,469 / per month

Homeownership Rate

Homeownership
Owners 81.00
Renters 19.00
Vacant 15.73

Housing Market Details

 

Age of Homes

AGE OF Greenfield Center HOMES
2000 or Newer 15.1
1970 - 1999 53.7
1940 - 1969 14.5
1939 or Older 16.6

Types of Homes

TYPE OF Greenfield Center HOMES
Single-Family 73.2
Townhomes 0.9
Small Apt. Buildings 3.2
Apt. Complexes 6.6
Mobile Homes 15.8
Other 0.3

Home Size

SIZE OF Greenfield Center HOMES
No Bedroom 0.51
1 Bedroom 9.15
2 Bedrooms 20.35
3 Bedrooms 47.40
4 Bedrooms 19.94
5 or more bedrooms 2.65

Popular Neighborhoods in Greenfield Center

Zip Codes in Greenfield Center, NY