Orchard Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Orchard Park Neighborhoods Since 2000




Orchard Park, 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

Orchard Park Housing Market Information

With 3,206 people, 1,383 houses or apartments, and a median cost of homes of $231,213, Orchard Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Orchard Park, accounting for 63.96% of the village's housing units. Other types of housing that are prevalent in Orchard Park include large apartment complexes or high rise apartments ( 24.11%), duplexes, homes converted to apartments or other small apartment buildings ( 10.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Orchard Park. Owner-occupied housing accounts for 66.49% of Orchard Park's homes, and 61.10% 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. Orchard Park's housing was primarily built during this period, from the '40s through the '60s. A full 56.47% of the village's housing hails from this era. Other housing ages represented in Orchard Park include homes built between 1970-1999 ( 26.50%) and housing constructed before 1939 ( 17.03%).

Orchard Park Home Appreciation Rates

Appreciation rates for homes in Orchard Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.71%, which ranks in the top 30% nationwide. This equates to an annual average Orchard Park house appreciation rate of 1.11%.

Over the last year, Orchard Park appreciation rates have trailed the rest of the nation. In the last twelve months, Orchard Park's appreciation rate has been 2.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orchard Park were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Orchard Park'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 village. Individual neighborhoods within Orchard Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orchard Park - 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 Orchard Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$231,213

Orchard Park, NY HOME PRICES

Value Range
> $1,082,000 0.1
$812,001 - $1,082,000 0.2
$541,001 - $812,000 2.0
$433,001 - $541,000 2.5
$325,001 - $433,000 11.7
$216,001 - $325,000 40.9
$108,001 - $216,000 38.1
$54,001 - $108,000 2.4
$0 - $54,000 2.1

High for NY
High for Nation

Value Relative to Nation Value Relative to State
25.6416266260401 39.2817059483726

Number Of Homes And Apartments:
1,383

Orchard Park 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
44.64% 2.16% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,166 / per month

Homeownership Rate

Homeownership
Owners 66.49
Renters 33.51
Vacant 5.79

Housing Market Details

 

Age of Homes

AGE OF Orchard Park HOMES
2000 or Newer 0.0
1970 - 1999 26.5
1940 - 1969 56.5
1939 or Older 17.0

Types of Homes

TYPE OF Orchard Park HOMES
Single-Family 64.0
Townhomes 0.5
Small Apt. Buildings 10.8
Apt. Complexes 24.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Orchard Park HOMES
No Bedroom 0.00
1 Bedroom 2.66
2 Bedrooms 31.88
3 Bedrooms 35.69
4 Bedrooms 25.41
5 or more bedrooms 4.36