Nedrow, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Nedrow Neighborhoods Since 2000




Nedrow, NY Real Estate Data


Nedrow Housing Market Information

With a population of 2,242, 893 total housing units (homes and apartments), and a median house value of $81,257, 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 91.31% 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 ( 7.52%).

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 85.67% of Nedrow's homes, and 64.30% 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 47.25% of the town's housing hails from this era. Other housing ages represented in Nedrow include homes built before 1939 ( 43.75%) and housing constructed between 1970-1999 ( 4.87%). There's also some housing in Nedrow built between 2000 and later ( 4.13%).

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 -0.37% 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 2.61%, 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 -0.68%, which equates to an annual appreciation rate of -2.69%.

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 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$81,257

Nedrow, NY HOME PRICES

Value Range
> $1,000,000 0.0
$750,001 - $1,000,000 0.0
$501,001 - $750,000 0.0
$401,001 - $501,000 0.0
$300,001 - $401,000 0.8
$200,001 - $300,000 2.0
$100,001 - $200,000 21.2
$50,001 - $100,000 71.7
$0 - $50,000 4.3

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
90.5838261989811 96.0718294051627

Number Of Homes And Apartments:
893

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 85.67
Renters 14.33
Vacant 5.40

Housing Market Details

 

Age of Homes

AGE OF Nedrow HOMES
2000 or Newer 4.1
1970 - 1999 4.9
1940 - 1969 47.2
1939 or Older 43.8

Types of Homes

TYPE OF Nedrow HOMES
Single-Family 91.3
Townhomes 0.4
Small Apt. Buildings 7.5
Apt. Complexes 0.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nedrow HOMES
No Bedroom 1.06
1 Bedroom 3.60
2 Bedrooms 27.75
3 Bedrooms 53.18
4 Bedrooms 11.12
5 or more bedrooms 3.28

Nedrow 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
24.88% 1.32% 1 2
* 10 is highest