Pittsford NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Pittsford, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pittsford Housing Market Information

With 1,332 people, 729 houses or apartments, and a median cost of homes of $342,445, 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 75.84% 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 ( 17.87%), row houses and other attached homes ( 2.57%), and a few mobile homes or trailers ( 1.93%).

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 70.41% of Pittsford's homes, and 68.89% have either three or four bedrooms, which is average sized relative to America.

The housing in Pittsford was primarily built before 1939 ( 56.68%), 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 ( 33.42%), followed by between 1970-1999 ( 9.25%).

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 32.42%, which ranks in the top 50% nationwide. This equates to an annual average Pittsford house appreciation rate of 2.85%.

Appreciation rates are so strong in Pittsford that despite a nationwide downturn in the housing market, Pittsford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pittsford appreciation rates continue to be some of the highest in America, at 5.02%, which is higher than appreciation rates in 71.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pittsford. Pittsford appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 9.23%.

Importantly, this makes Pittsford one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Pittsford's latest annual appreciation rate is higher than 80% 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:
$342,445

Pittsford, NY HOME PRICES

Value Range
> $1,208,000 1.8
$906,001 - $1,208,000 1.6
$604,001 - $906,000 4.9
$483,001 - $604,000 8.8
$362,001 - $483,000 24.8
$242,001 - $362,000 38.6
$121,001 - $242,000 17.3
$60,001 - $121,000 0.7
$0 - $60,000 1.6

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
17.1737226277372 32.3333333333333

Number Of Homes And Apartments:
729

Pittsford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
60.22% 2.30%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,849 / per month

Homeownership Rate

Homeownership
Owners 70.41
Renters 29.59
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF Pittsford HOMES
2000 or Newer 0.6
1970 - 1999 9.3
1940 - 1969 33.4
1939 or Older 56.7

Types of Homes

TYPE OF Pittsford HOMES
Single-Family 75.8
Townhomes 2.6
Small Apt. Buildings 17.9
Apt. Complexes 1.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Pittsford HOMES
No Bedroom 1.03
1 Bedroom 5.14
2 Bedrooms 20.31
3 Bedrooms 44.34
4 Bedrooms 24.55
5 or more bedrooms 4.63