Hammondsport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hammondsport Neighborhoods Since 2000




Hammondsport, 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

Hammondsport Housing Market Information

With 644 people, 312 houses or apartments, and a median cost of homes of $161,265, Hammondsport real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hammondsport, accounting for 68.11% of the village's housing units. Other types of housing that are prevalent in Hammondsport include duplexes, homes converted to apartments or other small apartment buildings ( 21.94%), large apartment complexes or high rise apartments ( 8.93%).

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

The housing in Hammondsport was primarily built before 1939 ( 87.24%), making the housing stock in Hammondsport some of the oldest overall in America, although there is a range of ages of homes in Hammondsport. The next most important housing age is between 1940-1969 ( 7.40%), followed by between 1970-1999 ( 2.81%). There's also some housing in Hammondsport built between 2000 and later ( 2.55%).

Vacant housing appears to be an issue in Hammondsport. Fully 20.41% of the housing stock is classified as vacant. Left unchecked, vacant Hammondsport homes and apartments can be a drag on the real estate market, holding Hammondsport 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.

Hammondsport Home Appreciation Rates

In the last 10 years, Hammondsport has experienced some of the highest home appreciation rates of any community in the nation. Hammondsport real estate appreciated 26.31% over the last ten years, which is an average annual home appreciation rate of 2.36%, putting Hammondsport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hammondsport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hammondsport's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Hammondsport's appreciation rate has been -0.56%, which annualizes to a rate of -2.23%.

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

Relative to New York, our data show that Hammondsport's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$161,265

Hammondsport, NY HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 2.1
$558,001 - $837,000 1.9
$446,001 - $558,000 5.4
$335,001 - $446,000 8.9
$223,001 - $335,000 10.8
$112,001 - $223,000 39.7
$56,001 - $112,000 21.1
$0 - $56,000 10.2

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
45.1072307512012 54.6576879910213

Number Of Homes And Apartments:
312

Hammondsport 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
66.14% 2.99% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 61.22
Renters 38.78
Vacant 20.41

Housing Market Details

 

Age of Homes

AGE OF Hammondsport HOMES
2000 or Newer 2.6
1970 - 1999 2.8
1940 - 1969 7.4
1939 or Older 87.2

Types of Homes

TYPE OF Hammondsport HOMES
Single-Family 68.1
Townhomes 0.5
Small Apt. Buildings 21.9
Apt. Complexes 8.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Hammondsport HOMES
No Bedroom 1.53
1 Bedroom 27.81
2 Bedrooms 20.41
3 Bedrooms 28.83
4 Bedrooms 19.90
5 or more bedrooms 1.53

Popular Neighborhoods in Hammondsport

Zip Codes in Hammondsport, NY