Morrisonville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Morrisonville Neighborhoods Since 2000




Morrisonville, 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

Morrisonville Housing Market Information

With 1,526 people, 660 houses or apartments, and a median cost of homes of $141,060, 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 74.09% 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 ( 17.58%), large apartment complexes or high rise apartments ( 3.94%), and a few mobile homes or trailers ( 3.18%).

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 72.42% of Morrisonville's homes, and 48.03% 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 ( 32.27%). A lesser amount of the housing stock also hails from before 1939 ( 20.91%). There's also some housing in Morrisonville built between 2000 and later ( 2.58%).

Morrisonville Home Appreciation Rates

Real estate appreciation rates in Morrisonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

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 -2.51%, 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 -0.56%, which equates to an annual appreciation rate of -2.23%.

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 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$141,060

Morrisonville, NY HOME PRICES

Value Range
> $1,006,000 0.0
$754,001 - $1,006,000 0.3
$503,001 - $754,000 0.0
$402,001 - $503,000 1.5
$301,001 - $402,000 1.6
$201,001 - $301,000 17.3
$101,001 - $201,000 52.4
$50,001 - $101,000 17.3
$0 - $50,000 9.7

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
54.2657916324857 63.7485970819304

Number Of Homes And Apartments:
660

Morrisonville 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
41.23% 2.02% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,076 / per month

Homeownership Rate

Homeownership
Owners 72.42
Renters 27.58
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Morrisonville HOMES
2000 or Newer 2.6
1970 - 1999 44.2
1940 - 1969 32.3
1939 or Older 20.9

Types of Homes

TYPE OF Morrisonville HOMES
Single-Family 74.1
Townhomes 1.2
Small Apt. Buildings 17.6
Apt. Complexes 3.9
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Morrisonville HOMES
No Bedroom 0.00
1 Bedroom 3.94
2 Bedrooms 38.18
3 Bedrooms 31.52
4 Bedrooms 16.52
5 or more bedrooms 9.85

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Zip Codes in Morrisonville, NY