Montebello, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Montebello Neighborhoods Since 2000




Montebello, 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

Montebello Housing Market Information

With 4,652 people, 1,517 houses or apartments, and a median cost of homes of $711,393, Montebello house prices are not only among the most expensive in New York, Montebello real estate also is some of the most expensive in all of America.

Montebello is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Montebello than is found in 98% of the communities in America.

The large homes that make up Montebello are primarily owner-occupied ( 89.46%).

There is a lot of housing in Montebello 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 Montebello built between 1940-1969 ( 34.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.33%). There's also some housing in Montebello built before 1939 ( 7.64%).

Montebello Home Appreciation Rates

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

Appreciation rates are so strong in Montebello that despite a nationwide downturn in the housing market, Montebello real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Montebello appreciation rates continue to be some of the highest in America, at 6.79%, which is higher than appreciation rates in 79.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Montebello. Montebello appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$711,393

Montebello, NY HOME PRICES

Value Range
> $1,161,000 6.2
$871,001 - $1,161,000 21.3
$581,001 - $871,000 32.6
$465,001 - $581,000 20.7
$349,001 - $465,000 14.8
$232,001 - $349,000 3.8
$116,001 - $232,000 0.1
$58,001 - $116,000 0.5
$0 - $58,000 0.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
2.58994491972343 7.40740740740741

Number Of Homes And Apartments:
1,517

Montebello 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
72.43% 3.21% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,411 / per month

Homeownership Rate

Homeownership
Owners 89.46
Renters 10.54
Vacant 4.17

Housing Market Details

 

Age of Homes

AGE OF Montebello HOMES
2000 or Newer 19.3
1970 - 1999 38.8
1940 - 1969 34.2
1939 or Older 7.6

Types of Homes

TYPE OF Montebello HOMES
Single-Family 83.6
Townhomes 6.3
Small Apt. Buildings 4.2
Apt. Complexes 5.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Montebello HOMES
No Bedroom 0.00
1 Bedroom 7.45
2 Bedrooms 8.21
3 Bedrooms 22.93
4 Bedrooms 36.01
5 or more bedrooms 25.39