New Hartford, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Hartford Neighborhoods Since 2000




New Hartford, 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 Hartford Housing Market Information

With a population of 1,844, 833 total housing units (homes and apartments), and a median house value of $160,026, New Hartford 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 New Hartford, accounting for 59.47% of the village's housing units. Other types of housing that are prevalent in New Hartford include duplexes, homes converted to apartments or other small apartment buildings ( 25.74%), large apartment complexes or high rise apartments ( 13.25%), and a few mobile homes or trailers ( 1.53%).

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 Hartford. Owner-occupied housing accounts for 65.58% of New Hartford's homes, and 65.17% have either three or four bedrooms, which is average sized relative to America.

The housing in New Hartford was primarily built before 1939 ( 49.73%), making the housing stock in New Hartford some of the oldest overall in America, although there is a range of ages of homes in New Hartford. The next most important housing age is between 1940-1969 ( 31.43%), followed by between 1970-1999 ( 16.43%). There's also some housing in New Hartford built between 2000 and later ( 2.41%).

New Hartford Home Appreciation Rates

Appreciation rates for homes in New Hartford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.38%, which ranks in the top 50% nationwide. This equates to an annual average New Hartford house appreciation rate of 0.24%.

Over the last year, New Hartford appreciation rates have trailed the rest of the nation. In the last twelve months, New Hartford's appreciation rate has been -1.02%, 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 Hartford were at -4.90%, which equates to an annual appreciation rate of -18.20%.

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

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

Average Home Values

 

Median Home Value:
$160,026

New Hartford, NY HOME PRICES

Value Range
> $1,007,000 0.0
$755,001 - $1,007,000 0.0
$504,001 - $755,000 1.5
$403,001 - $504,000 0.0
$302,001 - $403,000 4.2
$201,001 - $302,000 16.4
$101,001 - $201,000 66.6
$51,001 - $101,000 8.3
$0 - $51,000 3.0

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
45.6990507441697 54.7699214365881

Number Of Homes And Apartments:
833

New Hartford 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
58.93% 2.72% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,218 / per month

Homeownership Rate

Homeownership
Owners 65.58
Renters 34.42
Vacant 8.76

Housing Market Details

 

Age of Homes

AGE OF New Hartford HOMES
2000 or Newer 2.4
1970 - 1999 16.4
1940 - 1969 31.4
1939 or Older 49.7

Types of Homes

TYPE OF New Hartford HOMES
Single-Family 59.5
Townhomes 0.0
Small Apt. Buildings 25.7
Apt. Complexes 13.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF New Hartford HOMES
No Bedroom 0.55
1 Bedroom 17.74
2 Bedrooms 9.86
3 Bedrooms 39.10
4 Bedrooms 26.07
5 or more bedrooms 6.68