Hornell, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hornell Neighborhoods Since 2000




Hornell, 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

Hornell Housing Market Information

With a population of 8,336, 3,476 total housing units (homes and apartments), and a median house value of $73,982, house prices in Hornell are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Hornell, accounting for 59.63% of the city's housing units. Other types of housing that are prevalent in Hornell include duplexes, homes converted to apartments or other small apartment buildings ( 30.22%), large apartment complexes or high rise apartments ( 6.27%), and a few row houses and other attached homes ( 3.68%).

The most prevalent building size and type in Hornell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.58% owning and 48.42% renting.

The housing in Hornell was primarily built before 1939 ( 70.93%), making the housing stock in Hornell some of the oldest overall in America, although there is a range of ages of homes in Hornell. The next most important housing age is between 1940-1969 ( 19.41%), followed by between 1970-1999 ( 8.14%). There's also some housing in Hornell built between 2000 and later ( 1.53%).

Hornell Home Appreciation Rates

Real estate appreciation rates in Hornell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.

Over the last year, Hornell appreciation rates have trailed the rest of the nation. In the last twelve months, Hornell's appreciation rate has been 0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hornell were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$73,982

Hornell, NY HOME PRICES

Value Range
> $1,033,000 0.0
$775,001 - $1,033,000 0.0
$517,001 - $775,000 0.5
$413,001 - $517,000 1.1
$310,001 - $413,000 0.4
$207,001 - $310,000 3.0
$103,001 - $207,000 15.0
$52,001 - $103,000 56.6
$0 - $52,000 23.5

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.6188913629439 98.0920314253648

Number Of Homes And Apartments:
3,476

Hornell 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
49.33% 2.35% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$738 / per month

Homeownership Rate

Homeownership
Owners 51.58
Renters 48.42
Vacant 9.92

Housing Market Details

 

Age of Homes

AGE OF Hornell HOMES
2000 or Newer 1.5
1970 - 1999 8.1
1940 - 1969 19.4
1939 or Older 70.9

Types of Homes

TYPE OF Hornell HOMES
Single-Family 59.6
Townhomes 3.7
Small Apt. Buildings 30.2
Apt. Complexes 6.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Hornell HOMES
No Bedroom 1.11
1 Bedroom 11.38
2 Bedrooms 28.35
3 Bedrooms 38.40
4 Bedrooms 18.50
5 or more bedrooms 2.25