Inwood, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Inwood Neighborhoods Since 2000




Inwood, 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

Inwood Housing Market Information

With 9,928 people, 2,986 houses or apartments, and a median cost of homes of $462,496, Inwood house prices are not only among the most expensive in New York, Inwood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Inwood, accounting for 43.32% of the town's housing units. Other types of housing that are prevalent in Inwood include duplexes, homes converted to apartments or other small apartment buildings ( 39.67%), large apartment complexes or high rise apartments ( 11.31%), and a few row houses and other attached homes ( 5.70%).

The most prevalent building size and type in Inwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.16% owning and 51.84% renting.

The housing in Inwood was primarily built before 1939 ( 46.96%), making the housing stock in Inwood some of the oldest overall in America, although there is a range of ages of homes in Inwood. The next most important housing age is between 1940-1969 ( 35.62%), followed by between 1970-1999 ( 14.09%). There's also some housing in Inwood built between 2000 and later ( 3.33%).

Inwood Home Appreciation Rates

Appreciation rates for homes in Inwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.58%, which ranks in the top 50% nationwide. This equates to an annual average Inwood house appreciation rate of 0.16%.

Appreciation rates are so strong in Inwood that despite a nationwide downturn in the housing market, Inwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Inwood appreciation rates continue to be some of the highest in America, at 6.13%, which is higher than appreciation rates in 75.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Inwood. Inwood appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Inwood's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$462,496

Inwood, NY HOME PRICES

Value Range
> $1,200,000 2.1
$900,001 - $1,200,000 2.0
$600,001 - $900,000 12.6
$480,001 - $600,000 18.9
$360,001 - $480,000 40.5
$240,001 - $360,000 17.1
$120,001 - $240,000 2.9
$60,001 - $120,000 0.4
$0 - $60,000 3.5

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.99050744169694 19.4163860830528

Number Of Homes And Apartments:
2,986

Inwood 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
110.90% 4.42% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,840 / per month

Homeownership Rate

Homeownership
Owners 48.16
Renters 51.84
Vacant 6.95

Housing Market Details

 

Age of Homes

AGE OF Inwood HOMES
2000 or Newer 3.3
1970 - 1999 14.1
1940 - 1969 35.6
1939 or Older 47.0

Types of Homes

TYPE OF Inwood HOMES
Single-Family 43.3
Townhomes 5.7
Small Apt. Buildings 39.7
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Inwood HOMES
No Bedroom 2.52
1 Bedroom 9.75
2 Bedrooms 31.38
3 Bedrooms 37.74
4 Bedrooms 14.58
5 or more bedrooms 4.02