Ilion, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ilion Neighborhoods Since 2000




Ilion, 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

Ilion Housing Market Information

With 7,926 people, 3,454 houses or apartments, and a median cost of homes of $90,550, 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 59.97% 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 ( 21.95%), large apartment complexes or high rise apartments ( 15.45%), and a few row houses and other attached homes ( 2.63%).

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 55.89% owning and 44.11% renting.

The housing in Ilion was primarily built before 1939 ( 49.16%), 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 ( 26.85%), followed by between 1970-1999 ( 21.59%). There's also some housing in Ilion built between 2000 and later ( 2.41%).

Ilion Home Appreciation Rates

Real estate appreciation rates in Ilion's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, Ilion appreciation rates have trailed the rest of the nation. In the last twelve months, Ilion's appreciation rate has been -1.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ilion were at -4.90%, which equates to an annual appreciation rate of -18.20%.

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

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

Average Home Values

 

Median Home Value:
$90,550

Ilion, NY HOME PRICES

Value Range
> $1,005,000 0.0
$754,001 - $1,005,000 0.0
$502,001 - $754,000 0.4
$402,001 - $502,000 0.9
$301,001 - $402,000 0.0
$201,001 - $301,000 4.3
$100,001 - $201,000 24.0
$50,001 - $100,000 52.4
$0 - $50,000 18.0

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
83.6165475213875 90.1234567901235

Number Of Homes And Apartments:
3,454

Ilion 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
45.35% 2.19% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$915 / per month

Homeownership Rate

Homeownership
Owners 55.89
Renters 44.11
Vacant 4.51

Housing Market Details

 

Age of Homes

AGE OF Ilion HOMES
2000 or Newer 2.4
1970 - 1999 21.6
1940 - 1969 26.8
1939 or Older 49.2

Types of Homes

TYPE OF Ilion HOMES
Single-Family 60.0
Townhomes 2.6
Small Apt. Buildings 22.0
Apt. Complexes 15.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ilion HOMES
No Bedroom 1.74
1 Bedroom 17.14
2 Bedrooms 25.66
3 Bedrooms 38.60
4 Bedrooms 13.16
5 or more bedrooms 3.70