Oneida, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oneida, NY Real Estate Data


Oneida Housing Market Information

Single-family detached homes are the single most common housing type in Oneida, accounting for 60.06% of the city's housing units. Other types of housing that are prevalent in Oneida include duplexes, homes converted to apartments or other small apartment buildings ( 19.99%), large apartment complexes or high rise apartments ( 17.69%), and a few row houses and other attached homes ( 1.53%).

The most prevalent building size and type in Oneida are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.36% owning and 42.64% renting.

The housing in Oneida was primarily built before 1939 ( 54.26%), making the housing stock in Oneida some of the oldest overall in America, although there is a range of ages of homes in Oneida. The next most important housing age is between 1970-1999 ( 21.20%), followed by between 1940-1969 ( 20.40%). There's also some housing in Oneida built between 2000 and later ( 4.14%).

Vacant housing appears to be an issue in Oneida. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Oneida homes and apartments can be a drag on the real estate market, holding Oneida 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.

Oneida Home Appreciation Rates

Appreciation rates for homes in Oneida have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.01%, which ranks in the top 50% nationwide. This equates to an annual average Oneida house appreciation rate of 0.49%.

Over the last year, Oneida appreciation rates have trailed the rest of the nation. In the last twelve months, Oneida's appreciation rate has been 2.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oneida were at -0.68%, which equates to an annual appreciation rate of -2.69%.

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

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

Average Home Values

 

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Homeownership
Owners 57.36
Renters 42.64
Vacant 11.46

Housing Market Details

 

Age of Homes

AGE OF Oneida HOMES
2000 or Newer 4.1
1970 - 1999 21.2
1940 - 1969 20.4
1939 or Older 54.3

Types of Homes

TYPE OF Oneida HOMES
Single-Family 60.1
Townhomes 1.5
Small Apt. Buildings 20.0
Apt. Complexes 17.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Oneida HOMES
No Bedroom 2.28
1 Bedroom 17.54
2 Bedrooms 24.24
3 Bedrooms 37.15
4 Bedrooms 15.20
5 or more bedrooms 3.59

Oneida Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.71% 1.59% 1 3
* 10 is highest