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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,425, 678 total housing units (homes and apartments), and a median house value of $411,228, real estate costs in Millbrook 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 Millbrook, accounting for 50.77% of the village's housing units. Other types of housing that are prevalent in Millbrook include duplexes, homes converted to apartments or other small apartment buildings ( 31.20%), large apartment complexes or high rise apartments ( 9.08%), and a few row houses and other attached homes ( 8.95%).
People in Millbrook primarily live in small (one, two or no bedroom) single-family detached homes. Millbrook has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Millbrook built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Millbrook built before 1939 ( 35.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.16%). There's also some housing in Millbrook built between 2000 and later ( 8.31%).
Vacant housing appears to be an issue in Millbrook. Fully 13.30% of the housing stock is classified as vacant. Left unchecked, vacant Millbrook homes and apartments can be a drag on the real estate market, holding Millbrook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Millbrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.
NeighborhoodScout's data show that during the latest twelve months, Millbrook's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Millbrook's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New York, our data show that Millbrook's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Millbrook HOMES|
|2000 or Newer||8.3|
|1970 - 1999||38.5|
|1940 - 1969||18.2|
|1939 or Older||35.0|
|TYPE OF Millbrook HOMES|
|Small Apt. Buildings||31.2|
|SIZE OF Millbrook HOMES|
|5 or more bedrooms||6.39|