New York
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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New York Real Estate Values & Housing Market 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$453,364

Number Of Homes And Apartments:
7,302,710

New York Home Prices

Value Range
> $1,183,256 7.8
$887,439 - $1,183,256 6.7
$591,660 - $887,438 15.8
$473,207 - $591,659 11.4
$354,933 - $473,206 13.3
$236,677 - $354,932 12.8
$118,288 - $236,676 17.2
$59,151 - $118,287 9.5
$0 - $59,150 5.4

New York Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q4 - 2019 Q1
1.03% 4.19%
6
Last 12 Months:
2018 Q1 - 2019 Q1
4.90% 4.90%
6
Last 2 Years:
2017 Q1 - 2019 Q1
11.57% 5.62%
5
Last 5 Years:
2014 Q1 - 2019 Q1
24.89% 4.55%
5
Last 10 Years:
2009 Q1 - 2019 Q1
15.14% 1.42%
4
Since 2000:
2000 Q1 - 2019 Q1
109.08% 3.96%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,962 / per month

Homeownership Rate

Homeownership
Owners 52.41
Renters 47.59
Vacant 11.55

Housing Details

Age of Homes

AGE OF New York HOMES
2000 or Newer 8.2
1970 - 1999 23.7
1940 - 1969 35.8
1939 or Older 32.3

Types of Homes

TYPE OF New York HOMES
Single-Family 42.0
Townhomes 5.0
Small Apt. Buildings 17.6
Apt. Complexes 33.0
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF New York HOMES
No Bedroom 4.65
1 Bedroom 19.17
2 Bedrooms 26.73
3 Bedrooms 31.68
4 Bedrooms 13.54
5 or more bedrooms 4.23