Oakdale, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oakdale Neighborhoods Since 2000




Oakdale, 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

Oakdale Housing Market Information

With a population of 8,003, 2,788 total housing units (homes and apartments), and a median house value of $417,190, real estate costs in Oakdale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Oakdale, accounting for 67.27% of the town's housing units. Other types of housing that are prevalent in Oakdale include large apartment complexes or high rise apartments ( 17.48%), row houses and other attached homes ( 7.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oakdale. Owner-occupied housing accounts for 82.42% of Oakdale's homes, and 60.33% have either three or four bedrooms, which is average sized relative to America.

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. Oakdale's housing was primarily built during this period, from the '40s through the '60s. A full 44.83% of the town's housing hails from this era. Other housing ages represented in Oakdale include homes built between 1970-1999 ( 36.01%) and housing constructed between 2000 and later ( 12.10%). There's also some housing in Oakdale built before 1939 ( 7.07%).

Vacant housing appears to be an issue in Oakdale. Fully 11.24% of the housing stock is classified as vacant. Left unchecked, vacant Oakdale homes and apartments can be a drag on the real estate market, holding Oakdale real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oakdale Home Appreciation Rates

Oakdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oakdale during the period has been just -1.70%, which is lower than 80% of US communities.

Appreciation rates are so strong in Oakdale that despite a nationwide downturn in the housing market, Oakdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oakdale appreciation rates continue to be some of the highest in America, at 7.10%, which is higher than appreciation rates in 81.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oakdale. Oakdale 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 Oakdale's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$417,190

Oakdale, NY HOME PRICES

Value Range
> $1,077,000 2.8
$808,001 - $1,077,000 3.4
$539,001 - $808,000 17.5
$431,001 - $539,000 34.2
$323,001 - $431,000 25.0
$215,001 - $323,000 8.2
$108,001 - $215,000 4.2
$54,001 - $108,000 2.5
$0 - $54,000 2.1

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
8.61361771944217 22.334455667789

Number Of Homes And Apartments:
2,788

Oakdale 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
60.24% 2.77% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,174 / per month

Homeownership Rate

Homeownership
Owners 82.42
Renters 17.58
Vacant 11.24

Housing Market Details

 

Age of Homes

AGE OF Oakdale HOMES
2000 or Newer 12.1
1970 - 1999 36.0
1940 - 1969 44.8
1939 or Older 7.1

Types of Homes

TYPE OF Oakdale HOMES
Single-Family 67.3
Townhomes 7.8
Small Apt. Buildings 5.9
Apt. Complexes 17.5
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Oakdale HOMES
No Bedroom 0.86
1 Bedroom 15.73
2 Bedrooms 14.68
3 Bedrooms 32.25
4 Bedrooms 28.08
5 or more bedrooms 8.40