Pine Bush, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pine Bush Neighborhoods Since 2000




Pine Bush, 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

Pine Bush Housing Market Information

With 1,765 people, 747 houses or apartments, and a median cost of homes of $237,961, Pine Bush real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pine Bush, accounting for 42.74% of the town's housing units. Other types of housing that are prevalent in Pine Bush include large apartment complexes or high rise apartments ( 32.02%), duplexes, homes converted to apartments or other small apartment buildings ( 12.02%), and a few row houses and other attached homes ( 9.52%).

People in Pine Bush primarily live in small (one, two or no bedroom) single-family detached homes. Pine Bush has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pine Bush built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pine Bush built before 1939 ( 25.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.71%). There's also some housing in Pine Bush built between 1940-1969 ( 16.07%).

Vacant housing appears to be an issue in Pine Bush. Fully 11.07% of the housing stock is classified as vacant. Left unchecked, vacant Pine Bush homes and apartments can be a drag on the real estate market, holding Pine Bush 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.

Pine Bush Home Appreciation Rates

Homes have actually lost value in Pine Bush over the last then years, as home values have seen a decline of 26.31% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pine Bush home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Pine Bush appreciation rates have trailed the rest of the nation. In the last twelve months, Pine Bush's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pine Bush were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$237,961

Pine Bush, NY HOME PRICES

Value Range
> $1,002,000 0.0
$751,001 - $1,002,000 3.1
$501,001 - $751,000 1.0
$401,001 - $501,000 4.0
$301,001 - $401,000 12.5
$201,001 - $301,000 47.6
$100,001 - $201,000 22.6
$50,001 - $100,000 8.1
$0 - $50,000 1.1

High for NY
High for Nation

Value Relative to Nation Value Relative to State
24.4814250556662 38.2716049382716

Number Of Homes And Apartments:
747

Pine Bush 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
23.08% 1.21% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 51.16
Renters 48.84
Vacant 11.07

Housing Market Details

 

Age of Homes

AGE OF Pine Bush HOMES
2000 or Newer 20.7
1970 - 1999 37.7
1940 - 1969 16.1
1939 or Older 25.5

Types of Homes

TYPE OF Pine Bush HOMES
Single-Family 42.7
Townhomes 9.5
Small Apt. Buildings 12.0
Apt. Complexes 32.0
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Pine Bush HOMES
No Bedroom 3.45
1 Bedroom 32.02
2 Bedrooms 30.12
3 Bedrooms 24.40
4 Bedrooms 10.00
5 or more bedrooms 0.00