Port Leyden, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Leyden, 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

Port Leyden Housing Market Information

With a population of 668, 276 total housing units (homes and apartments), and a median house value of $96,244, house prices in Port Leyden 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 Port Leyden, accounting for 75.63% of the village's housing units. Other types of housing that are prevalent in Port Leyden include duplexes, homes converted to apartments or other small apartment buildings ( 14.87%), mobile homes or trailers ( 5.70%), and a few large apartment complexes or high rise apartments ( 3.80%).

The most prevalent building size and type in Port Leyden are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.97% owning and 39.03% renting.

The housing in Port Leyden was primarily built before 1939 ( 67.41%), making the housing stock in Port Leyden some of the oldest overall in America, although there is a range of ages of homes in Port Leyden. The next most important housing age is between 1970-1999 ( 19.62%), followed by between 1940-1969 ( 7.28%). There's also some housing in Port Leyden built between 2000 and later ( 5.70%).

Vacant housing appears to be an issue in Port Leyden. Fully 12.66% of the housing stock is classified as vacant. Left unchecked, vacant Port Leyden homes and apartments can be a drag on the real estate market, holding Port Leyden 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.

Port Leyden Home Appreciation Rates

Appreciation rates for homes in Port Leyden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.73%, which ranks in the top 50% nationwide. This equates to an annual average Port Leyden house appreciation rate of 0.27%.

Over the last year, Port Leyden appreciation rates have trailed the rest of the nation. In the last twelve months, Port Leyden's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Leyden were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$96,244

Port Leyden, NY HOME PRICES

Value Range
> $1,038,000 0.3
$779,001 - $1,038,000 0.3
$519,001 - $779,000 0.3
$415,001 - $519,000 3.2
$312,001 - $415,000 2.8
$208,001 - $312,000 7.7
$104,001 - $208,000 31.4
$52,001 - $104,000 41.0
$0 - $52,000 12.9

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
80.0421891480136 86.307519640853

Number Of Homes And Apartments:
276

Port Leyden 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
61.44% 2.82% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$866 / per month

Homeownership Rate

Homeownership
Owners 60.97
Renters 39.03
Vacant 12.66

Housing Market Details

 

Age of Homes

AGE OF Port Leyden HOMES
2000 or Newer 5.7
1970 - 1999 19.6
1940 - 1969 7.3
1939 or Older 67.4

Types of Homes

TYPE OF Port Leyden HOMES
Single-Family 75.6
Townhomes 0.0
Small Apt. Buildings 14.9
Apt. Complexes 3.8
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Port Leyden HOMES
No Bedroom 0.00
1 Bedroom 9.81
2 Bedrooms 20.25
3 Bedrooms 49.37
4 Bedrooms 11.08
5 or more bedrooms 9.49

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Zip Codes in Port Leyden, NY