New City, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New City Neighborhoods Since 2000




New City, 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

New City Housing Market Information

With a population of 34,690, 11,047 total housing units (homes and apartments), and a median house value of $498,899, New City house prices are not only among the most expensive in New York, New City real estate also is some of the most expensive in all of America.

New City is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in New City than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New City. Owner-occupied housing accounts for 89.11% of New City's homes, and 69.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New City 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 New City built between 1940-1969 ( 44.57%). A lesser amount of the housing stock also hails from before 1939 ( 6.32%). There's also some housing in New City built between 2000 and later ( 2.74%).

New City Home Appreciation Rates

New City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New City during the period has been just -1.69%, which is lower than 80% of US communities.

Over the last year, New City appreciation rates have trailed the rest of the nation. In the last twelve months, New City's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New City were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that New City's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within New City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$498,899

New City, NY HOME PRICES

Value Range
> $1,050,000 2.6
$788,001 - $1,050,000 7.0
$525,001 - $788,000 32.7
$420,001 - $525,000 28.2
$315,001 - $420,000 19.5
$210,001 - $315,000 7.0
$105,001 - $210,000 0.9
$52,001 - $105,000 0.5
$0 - $52,000 1.6

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.97679596859252 17.0594837261504

Number Of Homes And Apartments:
11,047

New City 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
46.14% 2.22% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,846 / per month

Homeownership Rate

Homeownership
Owners 89.11
Renters 10.89
Vacant 3.68

Housing Market Details

 

Age of Homes

AGE OF New City HOMES
2000 or Newer 2.7
1970 - 1999 46.4
1940 - 1969 44.6
1939 or Older 6.3

Types of Homes

TYPE OF New City HOMES
Single-Family 81.8
Townhomes 7.6
Small Apt. Buildings 5.6
Apt. Complexes 4.3
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF New City HOMES
No Bedroom 2.36
1 Bedroom 5.86
2 Bedrooms 8.38
3 Bedrooms 26.64
4 Bedrooms 43.26
5 or more bedrooms 13.50