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 2,524, 1,297 total housing units (homes and apartments), and a median house value of $275,675, Lewiston 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 Lewiston, accounting for 59.76% of the village's housing units. Other types of housing that are prevalent in Lewiston include large apartment complexes or high rise apartments ( 25.28%), duplexes, homes converted to apartments or other small apartment buildings ( 9.69%), and a few row houses and other attached homes ( 4.78%).
The most prevalent building size and type in Lewiston are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.76% owning and 41.24% 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. Lewiston's housing was primarily built during this period, from the '40s through the '60s. A full 48.88% of the village's housing hails from this era. Other housing ages represented in Lewiston include homes built between 1970-1999 ( 24.93%) and housing constructed before 1939 ( 17.77%). There's also some housing in Lewiston built between 2000 and later ( 8.43%).
Appreciation rates for homes in Lewiston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.25%, which ranks in the top 50% nationwide. This equates to an annual average Lewiston house appreciation rate of 6.36%.
Over the last year, Lewiston appreciation rates have trailed the rest of the nation. In the last twelve months, Lewiston's appreciation rate has been 3.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lewiston were at 4.96%, which equates to an annual appreciation rate of 21.35%.
Importantly, this makes Lewiston one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Lewiston's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$275,675
$1,792 / per month