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 about Scout's Real Estate Data
With 9,749 people, 1,766 houses or apartments, and a median cost of homes of $793,751, 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 43.02% of the village's housing units. Other types of housing that are prevalent in New Square include large apartment complexes or high rise apartments ( 39.24%), row houses and other attached homes ( 9.01%), and a few single-family detached homes ( 7.78%). 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.
New Square homes and real estate are some of the newest in America. 47.69% of New Square's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Square real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.75%), and between 1940-1969 ( 6.00%). There's also some housing in New Square built before 1939 ( 2.56%).
Appreciation rates for homes in New Square have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.50%, which ranks in the top 40% nationwide. This equates to an annual average New Square house appreciation rate of 6.88%.
NeighborhoodScout's data show that during the latest twelve months, New Square's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, New Square's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.
Relative to New York, our data show that New Square's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$793,751
$2,927 / per month