Morrisonville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Morrisonville, NY Real Estate Data


Morrisonville Housing Market Information

With a population of 1,526, 724 total housing units (homes and apartments), and a median house value of $151,723, Morrisonville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Morrisonville, accounting for 62.57% of the town's housing units. Other types of housing that are prevalent in Morrisonville include duplexes, homes converted to apartments or other small apartment buildings ( 16.44%), large apartment complexes or high rise apartments ( 10.64%), and a few mobile homes or trailers ( 6.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morrisonville. Owner-occupied housing accounts for 69.89% of Morrisonville's homes, and 56.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Morrisonville 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 Morrisonville built between 1940-1969 ( 37.15%). A lesser amount of the housing stock also hails from before 1939 ( 22.24%). There's also some housing in Morrisonville built between 2000 and later ( 1.80%).

Morrisonville Home Appreciation Rates

Appreciation rates for homes in Morrisonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.33%, which ranks in the top 40% nationwide. This equates to an annual average Morrisonville house appreciation rate of 0.71%.

Over the last year, Morrisonville appreciation rates have trailed the rest of the nation. In the last twelve months, Morrisonville's appreciation rate has been 2.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morrisonville were at 0.41%, which equates to an annual appreciation rate of 1.66%.

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

Relative to New York, our data show that Morrisonville's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$151,723

Morrisonville, NY HOME PRICES

Value Range
> $1,058,000 1.9
$794,001 - $1,058,000 0.2
$529,001 - $794,000 1.2
$423,001 - $529,000 1.3
$317,001 - $423,000 1.0
$211,001 - $317,000 19.6
$105,001 - $211,000 51.9
$53,001 - $105,000 15.0
$0 - $53,000 7.9

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
50.0146395736956 59.2592592592593

Number Of Homes And Apartments:
724

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Homeownership
Owners 69.89
Renters 30.11
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Morrisonville HOMES
2000 or Newer 1.8
1970 - 1999 38.8
1940 - 1969 37.2
1939 or Older 22.2

Types of Homes

TYPE OF Morrisonville HOMES
Single-Family 62.6
Townhomes 4.1
Small Apt. Buildings 16.4
Apt. Complexes 10.6
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Morrisonville HOMES
No Bedroom 0.00
1 Bedroom 4.70
2 Bedrooms 32.18
3 Bedrooms 37.85
4 Bedrooms 19.06
5 or more bedrooms 6.22

Morrisonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.66% 2.48% 4 6
* 10 is highest

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Zip Codes in Morrisonville, NY