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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,057, 1,278 total housing units (homes and apartments), and a median house value of $477,014, New Square house prices are not only among the most expensive in New York, New Square real estate also is some of the most expensive in all of America.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in New Square, accounting for 45.15% of the village's housing units. Other types of housing that are prevalent in New Square include large apartment complexes or high rise apartments ( 43.11%), row houses and other attached homes ( 6.96%), and a few single-family detached homes ( 4.77%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Renters dominate New Square's housing market, and most live in three of four bedroom dwellings.
There is a lot of housing in New Square 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 Square built between 2000 and later ( 40.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.22%). There's also some housing in New Square built before 1939 ( 2.19%).
Real estate appreciation rates in New Square's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.
Appreciation rates are so strong in New Square that despite a nationwide downturn in the housing market, New Square real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Square appreciation rates continue to be some of the highest in America, at 6.27%, which is higher than appreciation rates in 76.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Square. New Square appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.
Relative to New York, our data show that New Square's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF New Square HOMES|
|2000 or Newer||40.4|
|1970 - 1999||49.2|
|1940 - 1969||8.2|
|1939 or Older||2.2|
|TYPE OF New Square HOMES|
|Small Apt. Buildings||45.1|
|SIZE OF New Square HOMES|
|5 or more bedrooms||13.69|