Lowville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowville, NY Real Estate Data


Lowville Housing Market Information

With a population of 3,416, 1,571 total housing units (homes and apartments), and a median house value of $154,442, Lowville 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 Lowville, accounting for 64.74% of the village's housing units. Other types of housing that are prevalent in Lowville include duplexes, homes converted to apartments or other small apartment buildings ( 21.97%), large apartment complexes or high rise apartments ( 10.92%), and a few row houses and other attached homes ( 1.80%).

The most prevalent building size and type in Lowville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 52.71% owning and 47.29% renting.

The housing in Lowville was primarily built before 1939 ( 63.63%), making the housing stock in Lowville some of the oldest overall in America, although there is a range of ages of homes in Lowville. The next most important housing age is between 1970-1999 ( 21.35%), followed by between 1940-1969 ( 14.34%).

Lowville Home Appreciation Rates

In the last 10 years, Lowville has experienced some of the highest home appreciation rates of any community in the nation. Lowville real estate appreciated 16.40% over the last ten years, which is an average annual home appreciation rate of 1.53%, putting Lowville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lowville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lowville's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Lowville's appreciation rate has been 0.02%, which annualizes to a rate of 0.08%.

Relative to New York, our data show that Lowville's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$154,442

Lowville, NY HOME PRICES

Value Range
> $1,072,000 0.7
$804,001 - $1,072,000 1.0
$536,001 - $804,000 3.0
$429,001 - $536,000 0.4
$322,001 - $429,000 6.5
$214,001 - $322,000 16.1
$107,001 - $214,000 39.9
$54,001 - $107,000 26.2
$0 - $54,000 6.1

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
47.8143677487402 57.6879910213244

Number Of Homes And Apartments:
1,571

Rent & Ownership

 

Average Market Rent:
$821 / per month

Homeownership Rate

Homeownership
Owners 52.71
Renters 47.29
Vacant 2.48

Housing Market Details

 

Age of Homes

AGE OF Lowville HOMES
2000 or Newer 0.7
1970 - 1999 21.4
1940 - 1969 14.3
1939 or Older 63.6

Types of Homes

TYPE OF Lowville HOMES
Single-Family 64.7
Townhomes 1.8
Small Apt. Buildings 22.0
Apt. Complexes 10.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Lowville HOMES
No Bedroom 0.00
1 Bedroom 16.76
2 Bedrooms 20.42
3 Bedrooms 39.54
4 Bedrooms 17.26
5 or more bedrooms 6.02

Lowville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
85.37% 3.64% 9 9
* 10 is highest

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Zip Codes in Lowville, NY