Pomona, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pomona Neighborhoods Since 2000




Pomona, 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

Pomona Housing Market Information

With 3,234 people, 965 houses or apartments, and a median cost of homes of $541,673, Pomona house prices are not only among the most expensive in New York, Pomona real estate also is some of the most expensive in all of America.

Pomona is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Pomona than is found in 98% of the communities in America.

The large homes that make up Pomona are primarily owner-occupied ( 87.68%).

There is a lot of housing in Pomona 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 Pomona built between 1940-1969 ( 29.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.26%). There's also some housing in Pomona built before 1939 ( 4.97%).

Pomona Home Appreciation Rates

Pomona's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pomona during the period has been just -1.26%, which is lower than 70% of US communities.

Appreciation rates are so strong in Pomona that despite a nationwide downturn in the housing market, Pomona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pomona appreciation rates continue to be some of the highest in America, at 7.40%, which is higher than appreciation rates in 83.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pomona. Pomona appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Pomona's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$541,673

Pomona, NY HOME PRICES

Value Range
> $1,146,000 3.8
$860,001 - $1,146,000 8.8
$574,001 - $860,000 31.9
$459,001 - $574,000 28.3
$344,001 - $459,000 15.7
$229,001 - $344,000 3.1
$115,001 - $229,000 3.5
$57,001 - $115,000 0.9
$0 - $57,000 4.2

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
4.8634712293449 13.4680134680135

Number Of Homes And Apartments:
965

Pomona 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
59.63% 2.75% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,591 / per month

Homeownership Rate

Homeownership
Owners 87.68
Renters 12.32
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Pomona HOMES
2000 or Newer 13.3
1970 - 1999 52.6
1940 - 1969 29.1
1939 or Older 5.0

Types of Homes

TYPE OF Pomona HOMES
Single-Family 98.1
Townhomes 1.0
Small Apt. Buildings 0.4
Apt. Complexes 0.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pomona HOMES
No Bedroom 0.00
1 Bedroom 0.41
2 Bedrooms 0.41
3 Bedrooms 20.73
4 Bedrooms 40.10
5 or more bedrooms 38.34