Ravena, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Ravena, 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

Ravena Housing Market Information

With 3,267 people, 1,406 houses or apartments, and a median cost of homes of $153,328, Ravena real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ravena, accounting for 55.32% of the village's housing units. Other types of housing that are prevalent in Ravena include large apartment complexes or high rise apartments ( 21.74%), duplexes, homes converted to apartments or other small apartment buildings ( 16.85%), and a few mobile homes or trailers ( 3.70%).

The most prevalent building size and type in Ravena are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 59.53% owning and 40.47% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ravena's housing was primarily built during this period, from the '40s through the '60s. A full 38.73% of the village's housing hails from this era. Other housing ages represented in Ravena include homes built between 1970-1999 ( 31.59%) and housing constructed before 1939 ( 26.77%). There's also some housing in Ravena built between 2000 and later ( 2.91%).

Ravena Home Appreciation Rates

Ravena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ravena during the period has been just -1.00%, which is lower than 70% of US communities.

Over the last year, Ravena appreciation rates have trailed the rest of the nation. In the last twelve months, Ravena's appreciation rate has been -4.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ravena were at 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$153,328

Ravena, NY HOME PRICES

Value Range
> $980,000 0.0
$736,001 - $980,000 0.0
$490,001 - $736,000 0.4
$392,001 - $490,000 0.0
$294,001 - $392,000 2.5
$196,001 - $294,000 14.0
$98,001 - $196,000 68.0
$49,001 - $98,000 11.7
$0 - $49,000 3.3

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
48.6112738778859 58.361391694725

Number Of Homes And Apartments:
1,406

Ravena 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
46.60% 2.24% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,034 / per month

Homeownership Rate

Homeownership
Owners 59.53
Renters 40.47
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF Ravena HOMES
2000 or Newer 2.9
1970 - 1999 31.6
1940 - 1969 38.7
1939 or Older 26.8

Types of Homes

TYPE OF Ravena HOMES
Single-Family 55.3
Townhomes 2.4
Small Apt. Buildings 16.9
Apt. Complexes 21.7
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Ravena HOMES
No Bedroom 1.72
1 Bedroom 12.29
2 Bedrooms 33.97
3 Bedrooms 40.12
4 Bedrooms 11.37
5 or more bedrooms 0.53