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 a population of 4,176, 750 total housing units (homes and apartments), and a median house value of $245,408, Hamilton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hamilton, accounting for 54.32% of the village's housing units. Other types of housing that are prevalent in Hamilton include duplexes, homes converted to apartments or other small apartment buildings ( 32.10%), large apartment complexes or high rise apartments ( 12.12%), and a few row houses and other attached homes ( 1.46%).
Renters dominate Hamilton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
The housing in Hamilton was primarily built before 1939 ( 67.12%), making the housing stock in Hamilton some of the oldest overall in America, although there is a range of ages of homes in Hamilton. The next most important housing age is between 1970-1999 ( 17.51%), followed by between 1940-1969 ( 10.33%). There's also some housing in Hamilton built between 2000 and later ( 5.05%).
Vacant housing appears to be an issue in Hamilton. Fully 15.82% of the housing stock is classified as vacant. Left unchecked, vacant Hamilton homes and apartments can be a drag on the real estate market, holding Hamilton 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.
In the last 10 years, Hamilton has experienced some of the highest home appreciation rates of any community in the nation. Hamilton real estate appreciated 25.23% over the last ten years, which is an average annual home appreciation rate of 2.28%, putting Hamilton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hamilton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Hamilton appreciation rates have trailed the rest of the nation. In the last twelve months, Hamilton's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hamilton were at -1.68%, which equates to an annual appreciation rate of -6.55%.
Notably, Hamilton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hamilton's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
|$810,001 - $1,080,000||0.0|
|$540,001 - $810,000||1.3|
|$432,001 - $540,000||1.5|
|$324,001 - $432,000||14.4|
|$216,001 - $324,000||44.1|
|$108,001 - $216,000||29.7|
|$54,001 - $108,000||8.9|
|$0 - $54,000||0.1|
|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 Hamilton HOMES|
|2000 or Newer||5.1|
|1970 - 1999||17.5|
|1940 - 1969||10.3|
|1939 or Older||67.1|
|TYPE OF Hamilton HOMES|
|Small Apt. Buildings||32.1|
|SIZE OF Hamilton HOMES|
|5 or more bedrooms||11.78|