Oneonta, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oneonta Neighborhoods Since 2000




Oneonta, 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

Oneonta Housing Market Information

With a population of 13,862, 4,148 total housing units (homes and apartments), and a median house value of $149,869, Oneonta real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Oneonta, accounting for 44.24% of the city's housing units. Other types of housing that are prevalent in Oneonta include duplexes, homes converted to apartments or other small apartment buildings ( 33.76%), large apartment complexes or high rise apartments ( 19.77%), and a few row houses and other attached homes ( 2.23%).

Oneonta is dominated by renter-occupied one, two, or no bedrooms apartments. 68.66% of Oneonta's dwellings are rentals.

The housing in Oneonta was primarily built before 1939 ( 59.44%), making the housing stock in Oneonta some of the oldest overall in America, although there is a range of ages of homes in Oneonta. The next most important housing age is between 1940-1969 ( 23.49%), followed by between 1970-1999 ( 14.85%). There's also some housing in Oneonta built between 2000 and later ( 2.23%).

Vacant housing appears to be an issue in Oneonta. Fully 11.25% of the housing stock is classified as vacant. Left unchecked, vacant Oneonta homes and apartments can be a drag on the real estate market, holding Oneonta 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.

Oneonta Home Appreciation Rates

Appreciation rates for homes in Oneonta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.68%, which ranks in the top 50% nationwide. This equates to an annual average Oneonta house appreciation rate of 0.07%.

Over the last year, Oneonta appreciation rates have trailed the rest of the nation. In the last twelve months, Oneonta's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oneonta were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

Relative to New York, our data show that Oneonta's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oneonta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oneonta - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oneonta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$149,869

Oneonta, NY HOME PRICES

Value Range
> $1,064,000 0.9
$798,001 - $1,064,000 0.0
$532,001 - $798,000 0.8
$425,001 - $532,000 1.3
$319,001 - $425,000 0.9
$213,001 - $319,000 11.5
$106,001 - $213,000 65.8
$53,001 - $106,000 17.5
$0 - $53,000 1.4

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
50.0410172272354 60.3815937149271

Number Of Homes And Apartments:
4,148

Oneonta 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
71.54% 3.18% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$971 / per month

Homeownership Rate

Homeownership
Owners 31.34
Renters 68.66
Vacant 11.25

Housing Market Details

 

Age of Homes

AGE OF Oneonta HOMES
2000 or Newer 2.2
1970 - 1999 14.8
1940 - 1969 23.5
1939 or Older 59.4

Types of Homes

TYPE OF Oneonta HOMES
Single-Family 44.2
Townhomes 2.2
Small Apt. Buildings 33.8
Apt. Complexes 19.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oneonta HOMES
No Bedroom 14.42
1 Bedroom 9.93
2 Bedrooms 25.05
3 Bedrooms 29.91
4 Bedrooms 17.95
5 or more bedrooms 2.74