Massena, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Massena Neighborhoods Since 2000




Massena, 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

Massena Housing Market Information

With 10,629 people, 4,782 houses or apartments, and a median cost of homes of $81,687, house prices in Massena 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 Massena, accounting for 66.60% of the village's housing units. Other types of housing that are prevalent in Massena include duplexes, homes converted to apartments or other small apartment buildings ( 18.45%), large apartment complexes or high rise apartments ( 10.54%), and a few row houses and other attached homes ( 2.31%).

The most prevalent building size and type in Massena are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.80% owning and 41.20% 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. Massena's housing was primarily built during this period, from the '40s through the '60s. A full 57.28% of the village's housing hails from this era. Other housing ages represented in Massena include homes built before 1939 ( 25.65%) and housing constructed between 1970-1999 ( 16.88%).

Massena Home Appreciation Rates

Real estate appreciation rates in Massena's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Massena appreciation rates have trailed the rest of the nation. In the last twelve months, Massena's appreciation rate has been -4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Massena were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Massena's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Massena's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$81,687

Massena, NY HOME PRICES

Value Range
> $963,000 0.4
$723,001 - $963,000 0.3
$482,001 - $723,000 3.9
$385,001 - $482,000 1.5
$289,001 - $385,000 1.4
$193,001 - $289,000 4.3
$96,001 - $193,000 21.6
$48,001 - $96,000 52.2
$0 - $48,000 14.6

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
89.4292745810383 95.1739618406285

Number Of Homes And Apartments:
4,782

Massena 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
7.79% 0.44% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$873 / per month

Homeownership Rate

Homeownership
Owners 58.80
Renters 41.20
Vacant 4.93

Housing Market Details

 

Age of Homes

AGE OF Massena HOMES
2000 or Newer 0.2
1970 - 1999 16.9
1940 - 1969 57.3
1939 or Older 25.6

Types of Homes

TYPE OF Massena HOMES
Single-Family 66.6
Townhomes 2.3
Small Apt. Buildings 18.4
Apt. Complexes 10.5
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Massena HOMES
No Bedroom 1.15
1 Bedroom 14.33
2 Bedrooms 26.04
3 Bedrooms 40.85
4 Bedrooms 13.48
5 or more bedrooms 4.14

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Zip Codes in Massena, NY