Medina, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Medina Neighborhoods Since 2000




Medina, 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

Medina Housing Market Information

With a population of 5,827, 2,581 total housing units (homes and apartments), and a median house value of $83,741, house prices in Medina 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 Medina, accounting for 57.52% of the village's housing units. Other types of housing that are prevalent in Medina include duplexes, homes converted to apartments or other small apartment buildings ( 25.32%), large apartment complexes or high rise apartments ( 9.52%), and a few mobile homes or trailers ( 5.99%).

People in Medina primarily live in small (one, two or no bedroom) single-family detached homes. Medina has a mixture of owner-occupied and renter-occupied housing.

The housing in Medina was primarily built before 1939 ( 54.28%), making the housing stock in Medina some of the oldest overall in America, although there is a range of ages of homes in Medina. The next most important housing age is between 1970-1999 ( 22.86%), followed by between 1940-1969 ( 19.44%). There's also some housing in Medina built between 2000 and later ( 3.42%).

Medina Home Appreciation Rates

Appreciation rates for homes in Medina have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.68%, which ranks in the top 30% nationwide. This equates to an annual average Medina house appreciation rate of 0.93%.

Over the last year, Medina appreciation rates have trailed the rest of the nation. In the last twelve months, Medina's appreciation rate has been -1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Medina were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

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

Average Home Values

 

Median Home Value:
$83,741

Medina, NY HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.0
$548,001 - $821,000 0.0
$438,001 - $548,000 0.6
$328,001 - $438,000 0.7
$219,001 - $328,000 2.7
$110,001 - $219,000 15.8
$55,001 - $110,000 57.7
$0 - $55,000 22.6

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
88.1108637056135 93.9393939393939

Number Of Homes And Apartments:
2,581

Medina 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
29.66% 1.52% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$829 / per month

Homeownership Rate

Homeownership
Owners 56.53
Renters 43.47
Vacant 7.95

Housing Market Details

 

Age of Homes

AGE OF Medina HOMES
2000 or Newer 3.4
1970 - 1999 22.9
1940 - 1969 19.4
1939 or Older 54.3

Types of Homes

TYPE OF Medina HOMES
Single-Family 57.5
Townhomes 1.6
Small Apt. Buildings 25.3
Apt. Complexes 9.5
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Medina HOMES
No Bedroom 0.00
1 Bedroom 20.65
2 Bedrooms 28.28
3 Bedrooms 32.17
4 Bedrooms 16.30
5 or more bedrooms 2.60