Kenmore, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kenmore Neighborhoods Since 2000




Kenmore, 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

Kenmore Housing Market Information

With a population of 15,160, 7,032 total housing units (homes and apartments), and a median house value of $127,879, house prices in Kenmore are solidly below the national average.

Single-family detached homes are the single most common housing type in Kenmore, accounting for 59.47% of the village's housing units. Other types of housing that are prevalent in Kenmore include duplexes, homes converted to apartments or other small apartment buildings ( 26.98%), large apartment complexes or high rise apartments ( 10.88%), and a few row houses and other attached homes ( 2.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kenmore. Owner-occupied housing accounts for 66.74% of Kenmore's homes, and 56.24% have either three or four bedrooms, which is average sized relative to America.

The housing in Kenmore was primarily built before 1939 ( 56.92%), making the housing stock in Kenmore some of the oldest overall in America, although there is a range of ages of homes in Kenmore. The next most important housing age is between 1940-1969 ( 32.27%), followed by between 1970-1999 ( 10.30%).

Kenmore Home Appreciation Rates

In the last 10 years, Kenmore has experienced some of the highest home appreciation rates of any community in the nation. Kenmore real estate appreciated 29.19% over the last ten years, which is an average annual home appreciation rate of 2.59%, putting Kenmore in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kenmore 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 Kenmore that despite a nationwide downturn in the housing market, Kenmore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kenmore appreciation rates continue to be some of the highest in America, at 9.14%, which is higher than appreciation rates in 91.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kenmore. Kenmore appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.57%.

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

Average Home Values

 

Median Home Value:
$127,879

Kenmore, NY HOME PRICES

Value Range
> $1,187,000 0.0
$890,001 - $1,187,000 0.0
$594,001 - $890,000 0.4
$475,001 - $594,000 0.0
$356,001 - $475,000 0.2
$237,001 - $356,000 0.7
$119,001 - $237,000 63.9
$59,001 - $119,000 32.7
$0 - $59,000 2.1

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
60.9691784835345 69.6969696969697

Number Of Homes And Apartments:
7,032

Kenmore 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
65.39% 2.96% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$879 / per month

Homeownership Rate

Homeownership
Owners 66.74
Renters 33.26
Vacant 4.22

Housing Market Details

 

Age of Homes

AGE OF Kenmore HOMES
2000 or Newer 0.5
1970 - 1999 10.3
1940 - 1969 32.3
1939 or Older 56.9

Types of Homes

TYPE OF Kenmore HOMES
Single-Family 59.5
Townhomes 2.4
Small Apt. Buildings 27.0
Apt. Complexes 10.9
Mobile Homes 0.0
Other 0.3

Home Size

SIZE OF Kenmore HOMES
No Bedroom 2.15
1 Bedroom 11.07
2 Bedrooms 26.22
3 Bedrooms 44.18
4 Bedrooms 12.05
5 or more bedrooms 4.32