Nyack, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Nyack Neighborhoods Since 2000




Nyack, 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

Nyack Housing Market Information

With a population of 7,004, 3,160 total housing units (homes and apartments), and a median house value of $464,775, Nyack house prices are not only among the most expensive in New York, Nyack real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Nyack, accounting for 44.17% of the village's housing units. Other types of housing that are prevalent in Nyack include duplexes, homes converted to apartments or other small apartment buildings ( 25.41%), single-family detached homes ( 25.10%), and a few row houses and other attached homes ( 5.31%). 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.

Nyack is dominated by renter-occupied one, two, or no bedrooms apartments. 68.65% of Nyack's dwellings are rentals.

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. Nyack's housing was primarily built during this period, from the '40s through the '60s. A full 38.12% of the village's housing hails from this era. Other housing ages represented in Nyack include homes built before 1939 ( 32.32%) and housing constructed between 1970-1999 ( 25.96%). There's also some housing in Nyack built between 2000 and later ( 3.60%).

Nyack Home Appreciation Rates

Nyack's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nyack during the period has been just -1.33%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Nyack's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Nyack's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Nyack's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$464,775

Nyack, NY HOME PRICES

Value Range
> $1,100,000 0.9
$825,001 - $1,100,000 2.0
$550,001 - $825,000 20.1
$440,001 - $550,000 33.0
$330,001 - $440,000 22.7
$220,001 - $330,000 11.6
$110,001 - $220,000 6.0
$55,001 - $110,000 0.0
$0 - $55,000 3.9

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
6.93777100667995 19.304152637486

Number Of Homes And Apartments:
3,160

Nyack 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
48.21% 2.31% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,924 / per month

Homeownership Rate

Homeownership
Owners 31.35
Renters 68.65
Vacant 9.77

Housing Market Details

 

Age of Homes

AGE OF Nyack HOMES
2000 or Newer 3.6
1970 - 1999 26.0
1940 - 1969 38.1
1939 or Older 32.3

Types of Homes

TYPE OF Nyack HOMES
Single-Family 25.1
Townhomes 5.3
Small Apt. Buildings 25.4
Apt. Complexes 44.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Nyack HOMES
No Bedroom 12.25
1 Bedroom 31.84
2 Bedrooms 27.30
3 Bedrooms 23.27
4 Bedrooms 3.91
5 or more bedrooms 1.43