menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Nedrow, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Nedrow, NY Housing Market Trends

With 2,095 people, 915 houses or apartments, and a median cost of homes of $146,486, house prices in Nedrow are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Nedrow, accounting for 91.72% of the town's housing units. Other types of housing that are prevalent in Nedrow include duplexes, homes converted to apartments or other small apartment buildings ( 5.97%), mobile homes or trailers ( 1.26%), and a few row houses and other attached homes ( 1.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nedrow. Owner-occupied housing accounts for 89.29% of Nedrow's homes, and 70.23% 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. Nedrow's housing was primarily built during this period, from the '40s through the '60s. A full 55.45% of the town's housing hails from this era. Other housing ages represented in Nedrow include homes built before 1939 ( 35.01%) and housing constructed between 2000 and later ( 6.08%). There's also some housing in Nedrow built between 1970-1999 ( 3.46%).

Nedrow Home Appreciation Rates

Appreciation rates for homes in Nedrow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.32%, which ranks in the top 30% nationwide. This equates to an annual average Nedrow house appreciation rate of 7.25%.

Appreciation rates are so strong in Nedrow that despite a nationwide downturn in the housing market, Nedrow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nedrow appreciation rates continue to be some of the highest in America, at 11.14%, which is higher than appreciation rates in 97.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nedrow. Nedrow appreciation rates in the latest quarter were at 0.89%, which equates to an annual appreciation rate of 3.61%.

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

Average Home Values

Median Home Value

$146,486

Nedrow, NY Home Prices
> $1,384,000
$1,038,001 - $1,384,000
$692,001 - $1,038,000
$553,001 - $692,000
$415,001 - $553,000
$277,001 - $415,000
$139,001 - $277,000
$69,001 - $139,000
$0 - $69,000
0.8%
0.8%
0.0%
0.0%
0.8%
0.8%
1.1%
1.1%
0.8%
0.8%
1.1%
1.1%
52.6%
52.6%
37.3%
37.3%
5.4%
5.4%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

915

Nedrow Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,654 / per month

Homeownership Rate

Owners
Renters
89.3%
89.3%
10.7%
10.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.1%
6.1%
3.5%
3.5%
55.5%
55.5%
35.0%
35.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
91.7%
91.7%
1.0%
1.0%
6.0%
6.0%
0.0%
0.0%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
4.8%
4.8%
19.6%
19.6%
61.4%
61.4%
8.8%
8.8%
4.5%
4.5%
0% 100.0%
% of Homes