Horseheads, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Horseheads, NY Real Estate Data


Horseheads Housing Market Information

With a population of 6,616, 2,975 total housing units (homes and apartments), and a median house value of $117,879, house prices in Horseheads are solidly below the national average.

Single-family detached homes are the single most common housing type in Horseheads, accounting for 60.47% of the village's housing units. Other types of housing that are prevalent in Horseheads include large apartment complexes or high rise apartments ( 18.94%), duplexes, homes converted to apartments or other small apartment buildings ( 15.40%), and a few row houses and other attached homes ( 3.41%).

The most prevalent building size and type in Horseheads are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.40% owning and 41.60% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Horseheads's housing was primarily built during this period, from the '40s through the '60s. A full 44.58% of the village's housing hails from this era. Other housing ages represented in Horseheads include homes built before 1939 ( 27.97%) and housing constructed between 1970-1999 ( 21.99%). There's also some housing in Horseheads built between 2000 and later ( 5.47%).

Vacant housing appears to be an issue in Horseheads. Fully 10.15% of the housing stock is classified as vacant. Left unchecked, vacant Horseheads homes and apartments can be a drag on the real estate market, holding Horseheads 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.

Horseheads Home Appreciation Rates

Appreciation rates for homes in Horseheads have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.91%, which ranks in the top 30% nationwide. This equates to an annual average Horseheads house appreciation rate of 1.49%.

Over the last year, Horseheads appreciation rates have trailed the rest of the nation. In the last twelve months, Horseheads's appreciation rate has been -4.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Horseheads were at -0.51%, which equates to an annual appreciation rate of -2.02%.

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

Relative to New York, our data show that Horseheads's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$117,879

Horseheads, NY HOME PRICES

Value Range
> $1,117,000 0.0
$838,001 - $1,117,000 0.0
$559,001 - $838,000 0.0
$447,001 - $559,000 0.0
$335,001 - $447,000 1.9
$224,001 - $335,000 5.7
$112,001 - $224,000 42.3
$56,001 - $112,000 43.9
$0 - $56,000 6.2

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
67.5938396673889 74.4107744107744

Number Of Homes And Apartments:
2,975

Rent & Ownership

 

Average Market Rent:
$1,173 / per month

Homeownership Rate

Homeownership
Owners 58.40
Renters 41.60
Vacant 10.15

Housing Market Details

 

Age of Homes

AGE OF Horseheads HOMES
2000 or Newer 5.5
1970 - 1999 22.0
1940 - 1969 44.6
1939 or Older 28.0

Types of Homes

TYPE OF Horseheads HOMES
Single-Family 60.5
Townhomes 3.4
Small Apt. Buildings 15.4
Apt. Complexes 18.9
Mobile Homes 1.5
Other 0.3

Home Size

SIZE OF Horseheads HOMES
No Bedroom 2.08
1 Bedroom 15.95
2 Bedrooms 28.48
3 Bedrooms 40.89
4 Bedrooms 10.87
5 or more bedrooms 1.72

Horseheads Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
36.09% 1.83% 2 4
* 10 is highest