Kiryas Joel, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kiryas Joel Neighborhoods Since 2000




Kiryas Joel, 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

Kiryas Joel Housing Market Information

With a population of 22,851, 3,852 total housing units (homes and apartments), and a median house value of $346,530, real estate costs in Kiryas Joel are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Large apartment complexes or high rise apartments are the single most common housing type in Kiryas Joel, accounting for 80.17% of the village's housing units. Other types of housing that are prevalent in Kiryas Joel include duplexes, homes converted to apartments or other small apartment buildings ( 13.93%), row houses and other attached homes ( 4.34%), and a few single-family detached homes ( 1.56%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Renters dominate Kiryas Joel's housing market, and most live in three of four bedroom dwellings.

There is a lot of housing in Kiryas Joel built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kiryas Joel built between 2000 and later ( 42.99%). A lesser amount of the housing stock also hails from before 1939 ( 1.10%). There's also some housing in Kiryas Joel built between 1940-1969 ( 1.00%).

Kiryas Joel Home Appreciation Rates

Homes have actually lost value in Kiryas Joel over the last then years, as home values have seen a decline of 24.66% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Kiryas Joel home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Kiryas Joel's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Kiryas Joel's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$346,530

Kiryas Joel, NY HOME PRICES

Value Range
> $1,076,000 1.6
$808,001 - $1,076,000 2.8
$538,001 - $808,000 8.7
$430,001 - $538,000 25.8
$323,001 - $430,000 23.7
$215,001 - $323,000 21.7
$108,001 - $215,000 12.4
$54,001 - $108,000 2.0
$0 - $54,000 1.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
12.4516582679011 28.8439955106622

Number Of Homes And Apartments:
3,852

Kiryas Joel 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
34.41% 1.73% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,625 / per month

Homeownership Rate

Homeownership
Owners 30.43
Renters 69.57
Vacant 6.03

Housing Market Details

 

Age of Homes

AGE OF Kiryas Joel HOMES
2000 or Newer 43.0
1970 - 1999 54.9
1940 - 1969 1.0
1939 or Older 1.1

Types of Homes

TYPE OF Kiryas Joel HOMES
Single-Family 1.6
Townhomes 4.3
Small Apt. Buildings 13.9
Apt. Complexes 80.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kiryas Joel HOMES
No Bedroom 0.32
1 Bedroom 1.37
2 Bedrooms 17.57
3 Bedrooms 33.23
4 Bedrooms 32.96
5 or more bedrooms 14.56