Highland Mills, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Highland Mills Neighborhoods Since 2000




Highland Mills, 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

Highland Mills Housing Market Information

With 10,879 people, 1,745 houses or apartments, and a median cost of homes of $335,623, real estate costs in Highland Mills are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Highland Mills, accounting for 73.66% of the town's housing units. Other types of housing that are prevalent in Highland Mills include row houses and other attached homes ( 11.31%), large apartment complexes or high rise apartments ( 9.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highland Mills. Owner-occupied housing accounts for 87.59% of Highland Mills's homes, and 70.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Highland Mills 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 Highland Mills built between 1940-1969 ( 25.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.47%). There's also some housing in Highland Mills built before 1939 ( 14.38%).

Highland Mills Home Appreciation Rates

Homes have actually lost value in Highland Mills over the last then years, as home values have seen a decline of 21.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Highland Mills home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Highland Mills's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Highland Mills's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$335,623

Highland Mills, NY HOME PRICES

Value Range
> $1,094,000 0.7
$820,001 - $1,094,000 2.2
$547,001 - $820,000 8.9
$437,001 - $547,000 13.2
$328,001 - $437,000 29.9
$219,001 - $328,000 35.7
$109,001 - $219,000 6.9
$55,001 - $109,000 0.6
$0 - $55,000 1.9

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
13.242704793156 29.4051627384961

Number Of Homes And Apartments:
1,745

Highland Mills 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
36.30% 1.81% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,478 / per month

Homeownership Rate

Homeownership
Owners 87.59
Renters 12.41
Vacant 8.89

Housing Market Details

 

Age of Homes

AGE OF Highland Mills HOMES
2000 or Newer 16.5
1970 - 1999 43.8
1940 - 1969 25.4
1939 or Older 14.4

Types of Homes

TYPE OF Highland Mills HOMES
Single-Family 73.7
Townhomes 11.3
Small Apt. Buildings 4.9
Apt. Complexes 9.3
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Highland Mills HOMES
No Bedroom 0.00
1 Bedroom 5.57
2 Bedrooms 14.92
3 Bedrooms 35.48
4 Bedrooms 35.37
5 or more bedrooms 8.66