Horseheads, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Horseheads Neighborhoods Since 2000




Horseheads, 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

Horseheads Housing Market Information

With 6,616 people, 2,984 houses or apartments, and a median cost of homes of $123,352, 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 60.56% of the village's housing units. Other types of housing that are prevalent in Horseheads include large apartment complexes or high rise apartments ( 21.89%), duplexes, homes converted to apartments or other small apartment buildings ( 14.02%), and a few row houses and other attached homes ( 2.11%).

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 57.63% owning and 42.37% 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 44.43% of the village's housing hails from this era. Other housing ages represented in Horseheads include homes built before 1939 ( 26.47%) and housing constructed between 1970-1999 ( 23.16%). There's also some housing in Horseheads built between 2000 and later ( 5.94%).

Horseheads Home Appreciation Rates

In the last 10 years, Horseheads has experienced some of the highest home appreciation rates of any community in the nation. Horseheads real estate appreciated 14.89% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Horseheads in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Horseheads definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Horseheads that despite a nationwide downturn in the housing market, Horseheads real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Horseheads appreciation rates continue to be some of the highest in America, at 7.06%, which is higher than appreciation rates in 81.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Horseheads. Horseheads appreciation rates in the latest quarter were at 2.93%, which equates to an annual appreciation rate of 12.23%.

Importantly, this makes Horseheads one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$123,352

Horseheads, NY HOME PRICES

Value Range
> $1,048,000 0.0
$786,001 - $1,048,000 0.0
$524,001 - $786,000 0.0
$419,001 - $524,000 0.0
$315,001 - $419,000 1.6
$210,001 - $315,000 5.3
$105,001 - $210,000 44.6
$52,001 - $105,000 41.9
$0 - $52,000 6.7

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
63.6001406304934 71.4927048260382

Number Of Homes And Apartments:
2,984

Horseheads 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
40.14% 1.98% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,243 / per month

Homeownership Rate

Homeownership
Owners 57.63
Renters 42.37
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF Horseheads HOMES
2000 or Newer 5.9
1970 - 1999 23.2
1940 - 1969 44.4
1939 or Older 26.5

Types of Homes

TYPE OF Horseheads HOMES
Single-Family 60.6
Townhomes 2.1
Small Apt. Buildings 14.0
Apt. Complexes 21.9
Mobile Homes 1.2
Other 0.2

Home Size

SIZE OF Horseheads HOMES
No Bedroom 2.63
1 Bedroom 18.82
2 Bedrooms 26.10
3 Bedrooms 40.19
4 Bedrooms 10.12
5 or more bedrooms 2.14