Middletown, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Middletown Neighborhoods Since 2000




Middletown, 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

Middletown Housing Market Information

With 27,812 people, 10,013 houses or apartments, and a median cost of homes of $192,687, Middletown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Middletown, accounting for 44.40% of the city's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 24.83%), duplexes, homes converted to apartments or other small apartment buildings ( 23.63%), and a few row houses and other attached homes ( 6.44%).

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

The housing in Middletown was primarily built before 1939 ( 44.17%), making the housing stock in Middletown some of the oldest overall in America, although there is a range of ages of homes in Middletown. The next most important housing age is between 1970-1999 ( 23.94%), followed by between 1940-1969 ( 21.75%). There's also some housing in Middletown built between 2000 and later ( 10.14%).

Middletown Home Appreciation Rates

Homes have actually lost value in Middletown over the last then years, as home values have seen a decline of 32.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middletown home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been -1.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Middletown's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Middletown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middletown - 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 Middletown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,687

Middletown, NY HOME PRICES

Value Range
> $980,000 0.1
$735,001 - $980,000 0.6
$490,001 - $735,000 0.5
$392,001 - $490,000 3.3
$294,001 - $392,000 6.8
$196,001 - $294,000 32.0
$98,001 - $196,000 48.6
$49,001 - $98,000 6.3
$0 - $49,000 1.9

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
34.0853158326497 46.1279461279461

Number Of Homes And Apartments:
10,013

Middletown 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
36.83% 1.83% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,550 / per month

Homeownership Rate

Homeownership
Owners 51.61
Renters 48.39
Vacant 9.05

Housing Market Details

 

Age of Homes

AGE OF Middletown HOMES
2000 or Newer 10.1
1970 - 1999 23.9
1940 - 1969 21.7
1939 or Older 44.2

Types of Homes

TYPE OF Middletown HOMES
Single-Family 44.4
Townhomes 6.4
Small Apt. Buildings 23.6
Apt. Complexes 24.8
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Middletown HOMES
No Bedroom 5.08
1 Bedroom 17.28
2 Bedrooms 26.56
3 Bedrooms 34.13
4 Bedrooms 13.25
5 or more bedrooms 3.71