Nedrow, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Nedrow Neighborhoods Since 2000




Nedrow, 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

Nedrow Housing Market Information

With a population of 2,242, 898 total housing units (homes and apartments), and a median house value of $84,899, 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 93.76% 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 ( 4.37%), row houses and other attached homes ( 1.14%).

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 89.64% of Nedrow's homes, and 64.24% 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 53.12% of the town's housing hails from this era. Other housing ages represented in Nedrow include homes built before 1939 ( 37.73%) and housing constructed between 1970-1999 ( 4.78%). There's also some housing in Nedrow built between 2000 and later ( 4.37%).

Nedrow Home Appreciation Rates

Real estate appreciation rates in Nedrow's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, Nedrow appreciation rates have trailed the rest of the nation. In the last twelve months, Nedrow's appreciation rate has been -0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nedrow were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

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

Average Home Values

 

Median Home Value:
$84,899

Nedrow, NY HOME PRICES

Value Range
> $1,005,000 0.0
$754,001 - $1,005,000 0.0
$503,001 - $754,000 0.0
$402,001 - $503,000 0.0
$302,001 - $402,000 0.9
$201,001 - $302,000 1.7
$101,001 - $201,000 20.2
$50,001 - $101,000 75.0
$0 - $50,000 2.2

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
87.4575178717919 92.8731762065095

Number Of Homes And Apartments:
898

Nedrow 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
24.34% 1.27% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 89.64
Renters 10.36
Vacant 6.65

Housing Market Details

 

Age of Homes

AGE OF Nedrow HOMES
2000 or Newer 4.4
1970 - 1999 4.8
1940 - 1969 53.1
1939 or Older 37.7

Types of Homes

TYPE OF Nedrow HOMES
Single-Family 93.8
Townhomes 1.1
Small Apt. Buildings 4.4
Apt. Complexes 0.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nedrow HOMES
No Bedroom 1.25
1 Bedroom 3.43
2 Bedrooms 27.96
3 Bedrooms 51.14
4 Bedrooms 13.10
5 or more bedrooms 3.12