Napanoch, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Napanoch Neighborhoods Since 2000




Napanoch, NY Real Estate Data


Napanoch Housing Market Information

With 1,177 people, 465 houses or apartments, and a median cost of homes of $170,235, 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 58.30% of the town's housing units. Other types of housing that are prevalent in Napanoch include mobile homes or trailers ( 26.86%), duplexes, homes converted to apartments or other small apartment buildings ( 14.84%).

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 76.13% of Napanoch's homes, and 51.41% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Napanoch's housing was primarily built during this period, from the '40s through the '60s. A full 34.45% of the town's housing hails from this era. Other housing ages represented in Napanoch include homes built before 1939 ( 31.10%) and housing constructed between 1970-1999 ( 28.45%). There's also some housing in Napanoch built between 2000 and later ( 6.01%).

Vacant housing appears to be an issue in Napanoch. Fully 17.84% 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 -1.58%, which is lower than 80% of US communities.

Over the last year, Napanoch appreciation rates have trailed the rest of the nation. In the last twelve months, Napanoch's appreciation rate has been -0.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Napanoch were at 3.22%, which equates to an annual appreciation rate of 13.52%.

Importantly, this makes Napanoch one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$170,235

Napanoch, NY HOME PRICES

Value Range
> $1,007,000 0.3
$755,001 - $1,007,000 1.7
$504,001 - $755,000 1.3
$403,001 - $504,000 0.5
$302,001 - $403,000 7.6
$202,001 - $302,000 13.3
$101,001 - $202,000 57.7
$51,001 - $101,000 11.4
$0 - $51,000 6.3

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
42.6772852374539 51.8518518518519

Number Of Homes And Apartments:
465

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 76.13
Renters 23.87
Vacant 17.84

Housing Market Details

 

Age of Homes

AGE OF Napanoch HOMES
2000 or Newer 6.0
1970 - 1999 28.4
1940 - 1969 34.5
1939 or Older 31.1

Types of Homes

TYPE OF Napanoch HOMES
Single-Family 58.3
Townhomes 0.0
Small Apt. Buildings 14.8
Apt. Complexes 0.0
Mobile Homes 26.9
Other 0.0

Home Size

SIZE OF Napanoch HOMES
No Bedroom 3.00
1 Bedroom 3.89
2 Bedrooms 41.70
3 Bedrooms 37.46
4 Bedrooms 13.96
5 or more bedrooms 0.00

Napanoch 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
57.37% 2.70% 5 7
* 10 is highest