Hyde Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hyde Park Neighborhoods Since 2000




Hyde Park, 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

Hyde Park Housing Market Information

With 1,885 people, 784 houses or apartments, and a median cost of homes of $214,193, Hyde Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hyde Park, accounting for 80.05% of the town's housing units. Other types of housing that are prevalent in Hyde Park include duplexes, homes converted to apartments or other small apartment buildings ( 12.48%), large apartment complexes or high rise apartments ( 7.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hyde Park. Owner-occupied housing accounts for 71.03% of Hyde Park's homes, and 67.20% have either three or four bedrooms, which is average sized relative to America.

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. Hyde Park's housing was primarily built during this period, from the '40s through the '60s. A full 63.16% of the town's housing hails from this era. Other housing ages represented in Hyde Park include homes built before 1939 ( 21.42%) and housing constructed between 1970-1999 ( 12.00%). There's also some housing in Hyde Park built between 2000 and later ( 3.43%).

Hyde Park Home Appreciation Rates

Homes have actually lost value in Hyde Park over the last then years, as home values have seen a decline of 33.91% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hyde Park home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Hyde Park appreciation rates have trailed the rest of the nation. In the last twelve months, Hyde Park's appreciation rate has been -3.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hyde Park were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$214,193

Hyde Park, NY HOME PRICES

Value Range
> $934,000 1.2
$701,001 - $934,000 4.1
$467,001 - $701,000 1.2
$373,001 - $467,000 3.0
$280,001 - $373,000 12.4
$187,001 - $280,000 43.3
$93,001 - $187,000 26.9
$47,001 - $93,000 4.2
$0 - $47,000 3.6

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
28.9230048048752 41.5263748597082

Number Of Homes And Apartments:
784

Hyde Park 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
27.34% 1.41% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,479 / per month

Homeownership Rate

Homeownership
Owners 71.03
Renters 28.97
Vacant 4.04

Housing Market Details

 

Age of Homes

AGE OF Hyde Park HOMES
2000 or Newer 3.4
1970 - 1999 12.0
1940 - 1969 63.2
1939 or Older 21.4

Types of Homes

TYPE OF Hyde Park HOMES
Single-Family 80.0
Townhomes 0.0
Small Apt. Buildings 12.5
Apt. Complexes 7.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hyde Park HOMES
No Bedroom 1.10
1 Bedroom 9.79
2 Bedrooms 16.28
3 Bedrooms 33.90
4 Bedrooms 33.29
5 or more bedrooms 5.63