New York
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






New York Real Estate Market & Appreciation

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$467,586

Number Of Homes And Apartments:
7,343,234

New York Home Prices

> $1,178,886
9.8%
9.8%
$884,184 - $1,178,886
8.0%
8.0%
$589,361 - $884,183
16.8%
16.8%
$471,562 - $589,360
10.9%
10.9%
$353,682 - $471,561
12.2%
12.2%
$235,767 - $353,681
12.0%
12.0%
$117,872 - $235,766
16.9%
16.9%
$58,981 - $117,871
8.9%
8.9%
$0 - $58,980
4.5%
4.5%
0.0% 100.0%
% OF HOMES

New York Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.08% 8.57%
6
Last 12 Months:
2019 Q4 - 2020 Q4
5.54% 5.54%
4
Last 2 Years:
2018 Q4 - 2020 Q4
10.99% 5.35%
6
Last 5 Years:
2015 Q4 - 2020 Q4
27.25% 4.94%
5
Last 10 Years:
2010 Q4 - 2020 Q4
31.27% 2.76%
4
Since 2000:
2000 Q1 - 2020 Q4
125.90% 4.01%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$2,226 / per month

Homeownership Rate

Owners
52.3%
52.3%
Renters
47.7%
47.7%
Vacant
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
8.9%
8.9%
1970 - 1999
23.7%
23.7%
1940 - 1969
35.3%
35.3%
1939 or Older
32.1%
32.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
41.9%
41.9%
Townhomes
5.1%
5.1%
Small Apt. Buildings
17.3%
17.3%
Apt. Complexes
33.5%
33.5%
Mobile Homes
2.3%
2.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.9%
4.9%
1 Bedroom
18.8%
18.8%
2 Bedrooms
26.7%
26.7%
3 Bedrooms
31.5%
31.5%
4 Bedrooms
13.8%
13.8%
5 or more bedrooms
4.3%
4.3%
0.0% 100.0%
% OF HOMES