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
With a population of 4,134, 1,629 total housing units (homes and apartments), and a median house value of $91,901, house prices in Liberty are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Liberty, accounting for 36.76% of the village's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 35.74%), duplexes, homes converted to apartments or other small apartment buildings ( 23.54%), and a few row houses and other attached homes ( 2.75%).
Liberty is dominated by renter-occupied one, two, or no bedrooms apartments. 66.05% of Liberty's dwellings are rentals.
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. Liberty's housing was primarily built during this period, from the '40s through the '60s. A full 35.54% of the village's housing hails from this era. Other housing ages represented in Liberty include homes built between 1970-1999 ( 27.40%) and housing constructed before 1939 ( 22.52%). There's also some housing in Liberty built between 2000 and later ( 14.54%).
Vacant housing appears to be an issue in Liberty. Fully 17.18% of the housing stock is classified as vacant. Left unchecked, vacant Liberty homes and apartments can be a drag on the real estate market, holding Liberty 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.
Homes have actually lost value in Liberty over the last then years, as home values have seen a decline of 37.22% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Liberty home appreciation rates at -0.56%, which equates to an annual appreciation rate of -2.23%.
Over the last year, Liberty appreciation rates have trailed the rest of the nation. In the last twelve months, Liberty's appreciation rate has been -6.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Liberty were at -0.56%, which equates to an annual appreciation rate of -2.23%.
Notably, Liberty's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Liberty's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
|$654,001 - $873,000||2.6|
|$436,001 - $654,000||0.3|
|$349,001 - $436,000||0.0|
|$262,001 - $349,000||0.8|
|$175,001 - $262,000||5.3|
|$87,001 - $175,000||47.8|
|$44,001 - $87,000||31.3|
|$0 - $44,000||10.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Liberty HOMES|
|2000 or Newer||14.5|
|1970 - 1999||27.4|
|1940 - 1969||35.5|
|1939 or Older||22.5|
|TYPE OF Liberty HOMES|
|Small Apt. Buildings||23.5|
|SIZE OF Liberty HOMES|
|5 or more bedrooms||3.30|