Ilion, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ilion Neighborhoods Since 2000




Ilion, NY Real Estate Data


Ilion Housing Market Information

With 7,926 people, 3,471 houses or apartments, and a median cost of homes of $89,716, house prices in Ilion 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 Ilion, accounting for 61.54% of the village's housing units. Other types of housing that are prevalent in Ilion include duplexes, homes converted to apartments or other small apartment buildings ( 21.08%), large apartment complexes or high rise apartments ( 14.41%), and a few row houses and other attached homes ( 2.72%).

The most prevalent building size and type in Ilion are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 54.03% owning and 45.97% renting.

The housing in Ilion was primarily built before 1939 ( 48.92%), making the housing stock in Ilion some of the oldest overall in America, although there is a range of ages of homes in Ilion. The next most important housing age is between 1940-1969 ( 28.88%), followed by between 1970-1999 ( 19.48%). There's also some housing in Ilion built between 2000 and later ( 2.72%).

Ilion Home Appreciation Rates

Appreciation rates for homes in Ilion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.58%, which ranks in the top 40% nationwide. This equates to an annual average Ilion house appreciation rate of 0.83%.

Appreciation rates are so strong in Ilion that despite a nationwide downturn in the housing market, Ilion real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ilion appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 91.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ilion. Ilion appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.12%.

Importantly, this makes Ilion 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 Ilion's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$89,716

Ilion, NY HOME PRICES

Value Range
> $1,106,000 0.0
$830,001 - $1,106,000 0.0
$552,001 - $830,000 0.0
$442,001 - $552,000 0.0
$332,001 - $442,000 0.0
$221,001 - $332,000 4.8
$111,001 - $221,000 24.4
$55,001 - $111,000 53.1
$0 - $55,000 17.7

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
85.5419570182116 90.6846240179573

Number Of Homes And Apartments:
3,471

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 54.03
Renters 45.97
Vacant 2.69

Housing Market Details

 

Age of Homes

AGE OF Ilion HOMES
2000 or Newer 2.7
1970 - 1999 19.5
1940 - 1969 28.9
1939 or Older 48.9

Types of Homes

TYPE OF Ilion HOMES
Single-Family 61.5
Townhomes 2.7
Small Apt. Buildings 21.1
Apt. Complexes 14.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Ilion HOMES
No Bedroom 1.32
1 Bedroom 16.18
2 Bedrooms 28.06
3 Bedrooms 37.15
4 Bedrooms 13.32
5 or more bedrooms 3.98

Ilion 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
52.80% 2.53% 4 6
* 10 is highest