Mexico, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mexico Neighborhoods Since 2000




Mexico, 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

Mexico Housing Market Information

With 1,574 people, 680 houses or apartments, and a median cost of homes of $110,488, house prices in Mexico are solidly below the national average.

Single-family detached homes are the single most common housing type in Mexico, accounting for 55.70% of the village's housing units. Other types of housing that are prevalent in Mexico include duplexes, homes converted to apartments or other small apartment buildings ( 19.73%), large apartment complexes or high rise apartments ( 19.60%), and a few mobile homes or trailers ( 4.43%).

The most prevalent building size and type in Mexico are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.25% owning and 44.75% renting.

The housing in Mexico was primarily built before 1939 ( 47.65%), making the housing stock in Mexico some of the oldest overall in America, although there is a range of ages of homes in Mexico. The next most important housing age is between 1970-1999 ( 27.79%), followed by between 1940-1969 ( 20.27%). There's also some housing in Mexico built between 2000 and later ( 4.30%).

Mexico Home Appreciation Rates

Appreciation rates for homes in Mexico have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.02%, which ranks in the top 30% nationwide. This equates to an annual average Mexico house appreciation rate of 0.96%.

Over the last year, Mexico appreciation rates have trailed the rest of the nation. In the last twelve months, Mexico's appreciation rate has been 0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mexico were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

Relative to New York, our data show that Mexico's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$110,488

Mexico, NY HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.4
$523,001 - $784,000 0.8
$418,001 - $523,000 0.0
$314,001 - $418,000 3.4
$209,001 - $314,000 14.0
$105,001 - $209,000 33.2
$52,001 - $105,000 31.5
$0 - $52,000 16.8

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
71.1121528184695 77.1043771043771

Number Of Homes And Apartments:
680

Mexico 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
46.16% 2.22% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$714 / per month

Homeownership Rate

Homeownership
Owners 55.25
Renters 44.75
Vacant 8.72

Housing Market Details

 

Age of Homes

AGE OF Mexico HOMES
2000 or Newer 4.3
1970 - 1999 27.8
1940 - 1969 20.3
1939 or Older 47.7

Types of Homes

TYPE OF Mexico HOMES
Single-Family 55.7
Townhomes 0.5
Small Apt. Buildings 19.7
Apt. Complexes 19.6
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Mexico HOMES
No Bedroom 2.68
1 Bedroom 12.75
2 Bedrooms 30.07
3 Bedrooms 41.74
4 Bedrooms 9.80
5 or more bedrooms 2.95

Popular Neighborhoods in Mexico

Popular Communities Near Mexico, NY

Zip Codes in Mexico, NY