Napanoch, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Napanoch Neighborhoods Since 2000




Napanoch, 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

Napanoch Housing Market Information

With a population of 1,177, 460 total housing units (homes and apartments), and a median house value of $172,538, Napanoch 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 Napanoch, accounting for 56.31% of the town's housing units. Other types of housing that are prevalent in Napanoch include mobile homes or trailers ( 27.91%), duplexes, homes converted to apartments or other small apartment buildings ( 15.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Napanoch. Owner-occupied housing accounts for 75.00% of Napanoch's homes, and 55.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Napanoch 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 Napanoch built between 1940-1969 ( 30.73%). A lesser amount of the housing stock also hails from before 1939 ( 27.74%). There's also some housing in Napanoch built between 2000 and later ( 6.48%).

Vacant housing appears to be an issue in Napanoch. Fully 23.59% of the housing stock is classified as vacant. Left unchecked, vacant Napanoch homes and apartments can be a drag on the real estate market, holding Napanoch 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.

Napanoch Home Appreciation Rates

Napanoch's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Napanoch during the period has been just -2.02%, which is lower than 80% of US communities.

Appreciation rates are so strong in Napanoch that despite a nationwide downturn in the housing market, Napanoch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Napanoch appreciation rates continue to be some of the highest in America, at 5.94%, which is higher than appreciation rates in 73.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Napanoch. Napanoch appreciation rates in the latest quarter were at -2.15%, which equates to an annual appreciation rate of -8.33%.

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

Relative to New York, our data show that Napanoch's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$172,538

Napanoch, NY HOME PRICES

Value Range
> $1,027,000 0.0
$770,001 - $1,027,000 1.8
$514,001 - $770,000 0.8
$411,001 - $514,000 0.5
$308,001 - $411,000 4.4
$205,001 - $308,000 14.3
$103,001 - $205,000 59.8
$51,001 - $103,000 11.3
$0 - $51,000 7.1

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
40.7008086253369 51.1784511784512

Number Of Homes And Apartments:
460

Napanoch 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
59.91% 2.76% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,021 / per month

Homeownership Rate

Homeownership
Owners 75.00
Renters 25.00
Vacant 23.59

Housing Market Details

 

Age of Homes

AGE OF Napanoch HOMES
2000 or Newer 6.5
1970 - 1999 35.0
1940 - 1969 30.7
1939 or Older 27.7

Types of Homes

TYPE OF Napanoch HOMES
Single-Family 56.3
Townhomes 0.0
Small Apt. Buildings 15.8
Apt. Complexes 0.0
Mobile Homes 27.9
Other 0.0

Home Size

SIZE OF Napanoch HOMES
No Bedroom 3.65
1 Bedroom 6.81
2 Bedrooms 34.22
3 Bedrooms 37.21
4 Bedrooms 18.11
5 or more bedrooms 0.00