Oswego, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oswego Neighborhoods Since 2000




Oswego, 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

Oswego Housing Market Information

With a population of 17,787, 7,571 total housing units (homes and apartments), and a median house value of $84,693, house prices in Oswego are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Oswego, accounting for 59.75% of the city's housing units. Other types of housing that are prevalent in Oswego include duplexes, homes converted to apartments or other small apartment buildings ( 19.94%), large apartment complexes or high rise apartments ( 15.61%), and a few row houses and other attached homes ( 3.65%).

The most prevalent building size and type in Oswego are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.01% owning and 50.99% renting.

The housing in Oswego was primarily built before 1939 ( 57.05%), making the housing stock in Oswego some of the oldest overall in America, although there is a range of ages of homes in Oswego. The next most important housing age is between 1940-1969 ( 22.06%), followed by between 1970-1999 ( 18.50%). There's also some housing in Oswego built between 2000 and later ( 2.39%).

Vacant housing appears to be an issue in Oswego. Fully 13.87% of the housing stock is classified as vacant. Left unchecked, vacant Oswego homes and apartments can be a drag on the real estate market, holding Oswego 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.

Oswego Home Appreciation Rates

Appreciation rates for homes in Oswego have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.44%, which ranks in the top 40% nationwide. This equates to an annual average Oswego house appreciation rate of 0.53%.

Over the last year, Oswego appreciation rates have trailed the rest of the nation. In the last twelve months, Oswego's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oswego were at -1.68%, which equates to an annual appreciation rate of -6.55%.

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

Relative to New York, our data show that Oswego's latest annual appreciation rate is lower than 90% 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 Oswego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oswego - 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 Oswego real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$84,693

Oswego, NY HOME PRICES

Value Range
> $1,032,000 0.2
$774,001 - $1,032,000 0.5
$516,001 - $774,000 0.5
$412,001 - $516,000 0.5
$309,001 - $412,000 1.1
$207,001 - $309,000 4.8
$103,001 - $207,000 27.7
$52,001 - $103,000 50.1
$0 - $52,000 14.6

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5747099496074 93.1537598204265

Number Of Homes And Apartments:
7,571

Oswego 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
21.10% 1.12% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 49.01
Renters 50.99
Vacant 13.87

Housing Market Details

 

Age of Homes

AGE OF Oswego HOMES
2000 or Newer 2.4
1970 - 1999 18.5
1940 - 1969 22.1
1939 or Older 57.1

Types of Homes

TYPE OF Oswego HOMES
Single-Family 59.7
Townhomes 3.7
Small Apt. Buildings 19.9
Apt. Complexes 15.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Oswego HOMES
No Bedroom 1.83
1 Bedroom 15.76
2 Bedrooms 26.13
3 Bedrooms 38.33
4 Bedrooms 13.53
5 or more bedrooms 4.43