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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Liberty, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Liberty, NY Housing Market Trends

With a population of 5,142, 1,707 total housing units (homes and apartments), and a median house value of $356,928, Liberty real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Liberty, accounting for 37.97% of the village's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 35.77%), duplexes, homes converted to apartments or other small apartment buildings ( 25.41%).

Liberty is dominated by renter-occupied one, two, or no bedrooms apartments. 73.78% of Liberty's dwellings are rentals.

The housing in Liberty was primarily built before 1939 ( 40.81%), making the housing stock in Liberty some of the oldest overall in America, although there is a range of ages of homes in Liberty. The next most important housing age is between 1940-1969 ( 30.14%), followed by between 1970-1999 ( 24.46%). There's also some housing in Liberty built between 2000 and later ( 4.58%).

Vacant housing appears to be an issue in Liberty. Fully 14.95% 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.

Liberty Home Appreciation Rates

Real estate appreciation rates in Liberty's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.08% during the period.

Appreciation rates are so strong in Liberty that despite a nationwide downturn in the housing market, Liberty real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Liberty appreciation rates continue to be some of the highest in America, at 8.56%, which is higher than appreciation rates in 89.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Liberty. Liberty appreciation rates in the latest quarter were at 4.61%, which equates to an annual appreciation rate of 19.76%.

Importantly, this makes Liberty 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 Liberty's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

Median Home Value

$356,928

Liberty, NY Home Prices
> $1,325,000
$994,001 - $1,325,000
$663,001 - $994,000
$530,001 - $663,000
$398,001 - $530,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.2%
0.2%
0.3%
0.3%
13.1%
13.1%
4.5%
4.5%
7.2%
7.2%
2.9%
2.9%
54.1%
54.1%
15.8%
15.8%
1.7%
1.7%
0% 100.0%
% of Homes
High

for New york

High

for nation

Number of Homes And Apartments:

1,707

Liberty Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,359 / per month

Homeownership Rate

Owners
Renters
26.2%
26.2%
73.8%
73.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.9%
14.9%
85.1%
85.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.6%
4.6%
24.5%
24.5%
30.1%
30.1%
40.8%
40.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.0%
38.0%
0.8%
0.8%
25.4%
25.4%
35.8%
35.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
27.9%
27.9%
30.3%
30.3%
27.2%
27.2%
11.6%
11.6%
1.7%
1.7%
0% 100.0%
% of Homes