Ossining, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ossining Neighborhoods Since 2000




Ossining, 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

Ossining Housing Market Information

With 25,441 people, 7,823 houses or apartments, and a median cost of homes of $385,948, real estate costs in Ossining 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Ossining, accounting for 31.45% of the village's housing units. Other types of housing that are prevalent in Ossining include large apartment complexes or high rise apartments ( 30.45%), single-family detached homes ( 30.01%), and a few row houses and other attached homes ( 8.08%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

People in Ossining primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Ossining has a mixture of owner-occupied and renter-occupied housing.

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. Ossining's housing was primarily built during this period, from the '40s through the '60s. A full 35.94% of the village's housing hails from this era. Other housing ages represented in Ossining include homes built before 1939 ( 34.62%) and housing constructed between 1970-1999 ( 25.49%). There's also some housing in Ossining built between 2000 and later ( 3.95%).

Ossining Home Appreciation Rates

Ossining's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ossining during the period has been just -1.64%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ossining's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Ossining's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Ossining's latest annual appreciation rate is higher than 60% 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 Ossining differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ossining - 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 Ossining real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$385,948

Ossining, NY HOME PRICES

Value Range
> $1,083,000 1.9
$812,001 - $1,083,000 1.6
$541,001 - $812,000 14.3
$433,001 - $541,000 22.2
$325,001 - $433,000 36.1
$217,001 - $325,000 12.7
$108,001 - $217,000 5.7
$54,001 - $108,000 3.2
$0 - $54,000 2.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.1136763154811 25.0280583613917

Number Of Homes And Apartments:
7,823

Ossining 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
48.06% 2.30% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,101 / per month

Homeownership Rate

Homeownership
Owners 42.80
Renters 57.20
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Ossining HOMES
2000 or Newer 3.9
1970 - 1999 25.5
1940 - 1969 35.9
1939 or Older 34.6

Types of Homes

TYPE OF Ossining HOMES
Single-Family 30.0
Townhomes 8.1
Small Apt. Buildings 31.5
Apt. Complexes 30.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ossining HOMES
No Bedroom 4.45
1 Bedroom 21.09
2 Bedrooms 33.94
3 Bedrooms 29.04
4 Bedrooms 8.18
5 or more bedrooms 3.30