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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,722, 754 total housing units (homes and apartments), and a median house value of $264,184, Kerhonkson real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Kerhonkson, accounting for 80.04% of the town's housing units. Other types of housing that are prevalent in Kerhonkson include duplexes, homes converted to apartments or other small apartment buildings ( 16.99%), large apartment complexes or high rise apartments ( 1.84%), and a few row houses and other attached homes ( 1.13%).
The most prevalent building size and type in Kerhonkson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.37% owning and 43.63% renting.
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. Kerhonkson's housing was primarily built during this period, from the '40s through the '60s. A full 35.93% of the town's housing hails from this era. Other housing ages represented in Kerhonkson include homes built before 1939 ( 31.42%) and housing constructed between 1970-1999 ( 22.31%). There's also some housing in Kerhonkson built between 2000 and later ( 10.34%).
Vacant housing appears to be an issue in Kerhonkson. Fully 22.83% of the housing stock is classified as vacant. Left unchecked, vacant Kerhonkson homes and apartments can be a drag on the real estate market, holding Kerhonkson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Kerhonkson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.85%, which ranks in the top 30% nationwide. This equates to an annual average Kerhonkson house appreciation rate of 7.49%.
Over the last year, Kerhonkson appreciation rates have trailed the rest of the nation. In the last twelve months, Kerhonkson's appreciation rate has been 1.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kerhonkson were at 0.70%, which equates to an annual appreciation rate of 2.82%.
Relative to New York, our data show that Kerhonkson's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$264,184
for New york
for nation
754
$1,779 / per month