Mahopac, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mahopac Neighborhoods Since 2000




Mahopac, 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

Mahopac Housing Market Information

With a population of 8,389, 2,925 total housing units (homes and apartments), and a median house value of $401,867, real estate costs in Mahopac 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.

Single-family detached homes are the single most common housing type in Mahopac, accounting for 72.78% of the town's housing units. Other types of housing that are prevalent in Mahopac include large apartment complexes or high rise apartments ( 14.27%), duplexes, homes converted to apartments or other small apartment buildings ( 7.90%), and a few row houses and other attached homes ( 5.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mahopac. Owner-occupied housing accounts for 74.37% of Mahopac's homes, and 58.07% have either three or four bedrooms, which is average sized relative to America.

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. Mahopac's housing was primarily built during this period, from the '40s through the '60s. A full 44.31% of the town's housing hails from this era. Other housing ages represented in Mahopac include homes built between 1970-1999 ( 35.25%) and housing constructed before 1939 ( 15.21%). There's also some housing in Mahopac built between 2000 and later ( 5.24%).

Mahopac Home Appreciation Rates

Homes have actually lost value in Mahopac over the last then years, as home values have seen a decline of 20.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mahopac home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Mahopac appreciation rates have trailed the rest of the nation. In the last twelve months, Mahopac's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mahopac were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Mahopac's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Mahopac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mahopac - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mahopac real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$401,867

Mahopac, NY HOME PRICES

Value Range
> $1,056,000 0.8
$792,001 - $1,056,000 3.0
$528,001 - $792,000 9.6
$423,001 - $528,000 27.7
$317,001 - $423,000 42.7
$211,001 - $317,000 11.1
$105,001 - $211,000 2.1
$53,001 - $105,000 0.8
$0 - $53,000 2.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
9.42224305636939 23.5690235690236

Number Of Homes And Apartments:
2,925

Mahopac 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
35.73% 1.79% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,919 / per month

Homeownership Rate

Homeownership
Owners 74.37
Renters 25.63
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Mahopac HOMES
2000 or Newer 5.2
1970 - 1999 35.2
1940 - 1969 44.3
1939 or Older 15.2

Types of Homes

TYPE OF Mahopac HOMES
Single-Family 72.8
Townhomes 5.0
Small Apt. Buildings 7.9
Apt. Complexes 14.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mahopac HOMES
No Bedroom 4.52
1 Bedroom 13.36
2 Bedrooms 19.25
3 Bedrooms 38.85
4 Bedrooms 19.22
5 or more bedrooms 4.80