Pittsford, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pittsford, NY Real Estate Data


Pittsford Housing Market Information

With a population of 1,350, 670 total housing units (homes and apartments), and a median house value of $281,426, Pittsford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pittsford, accounting for 74.54% of the village's housing units. Other types of housing that are prevalent in Pittsford include duplexes, homes converted to apartments or other small apartment buildings ( 22.46%), large apartment complexes or high rise apartments ( 1.72%), and a few mobile homes or trailers ( 1.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pittsford. Owner-occupied housing accounts for 72.90% of Pittsford's homes, and 65.81% have either three or four bedrooms, which is average sized relative to America.

The housing in Pittsford was primarily built before 1939 ( 53.36%), making the housing stock in Pittsford some of the oldest overall in America, although there is a range of ages of homes in Pittsford. The next most important housing age is between 1940-1969 ( 30.76%), followed by between 1970-1999 ( 15.88%).

Pittsford Home Appreciation Rates

Appreciation rates for homes in Pittsford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.67%, which ranks in the top 30% nationwide. This equates to an annual average Pittsford house appreciation rate of 1.20%.

Over the last year, Pittsford appreciation rates have trailed the rest of the nation. In the last twelve months, Pittsford's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pittsford were at 0.81%, which equates to an annual appreciation rate of 3.26%.

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

Average Home Values

 

Median Home Value:
$281,426

Pittsford, NY HOME PRICES

Value Range
> $1,073,000 0.1
$805,001 - $1,073,000 1.0
$537,001 - $805,000 6.8
$429,001 - $537,000 3.9
$322,001 - $429,000 17.2
$215,001 - $322,000 44.3
$107,001 - $215,000 20.9
$54,001 - $107,000 0.9
$0 - $54,000 3.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
18.0622289933201 34.3434343434343

Number Of Homes And Apartments:
670

Rent & Ownership

 

Average Market Rent:
$1,329 / per month

Homeownership Rate

Homeownership
Owners 72.90
Renters 27.10
Vacant 4.15

Housing Market Details

 

Age of Homes

AGE OF Pittsford HOMES
2000 or Newer 0.0
1970 - 1999 15.9
1940 - 1969 30.8
1939 or Older 53.4

Types of Homes

TYPE OF Pittsford HOMES
Single-Family 74.5
Townhomes 0.1
Small Apt. Buildings 22.5
Apt. Complexes 1.7
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Pittsford HOMES
No Bedroom 3.86
1 Bedroom 4.86
2 Bedrooms 19.46
3 Bedrooms 42.92
4 Bedrooms 22.89
5 or more bedrooms 6.01

Pittsford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
33.85% 1.70% 2 4
* 10 is highest