Rhinebeck, NY Real Estate Market

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 Q2 2021. 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

Rhinebeck, NY Housing Market Trends

With a population of 2,563, 1,269 total housing units (homes and apartments), and a median house value of $529,469, real estate costs in Rhinebeck are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Rhinebeck, accounting for 58.55% of the village's housing units. Other types of housing that are prevalent in Rhinebeck include large apartment complexes or high rise apartments ( 19.74%), duplexes, homes converted to apartments or other small apartment buildings ( 14.01%), and a few row houses and other attached homes ( 7.70%).

People in Rhinebeck primarily live in small (one, two or no bedroom) single-family detached homes. Rhinebeck has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Rhinebeck 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 Rhinebeck built before 1939 ( 27.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.24%). There's also some housing in Rhinebeck built between 2000 and later ( 4.40%).

Rhinebeck Home Appreciation Rates

Appreciation rates for homes in Rhinebeck have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 47.92%, which ranks in the top 40% nationwide. This equates to an annual average Rhinebeck house appreciation rate of 3.99%.

Appreciation rates are so strong in Rhinebeck that despite a nationwide downturn in the housing market, Rhinebeck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rhinebeck appreciation rates continue to be some of the highest in America, at 12.58%, which is higher than appreciation rates in 87.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rhinebeck. Rhinebeck appreciation rates in the latest quarter were at 3.37%, which equates to an annual appreciation rate of 14.18%.

Relative to New York, our data show that Rhinebeck's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$529,469

Rhinebeck, NY HOME PRICES

> $1,299,000
0.7%
0.7%
$974,001 - $1,299,000
4.2%
4.2%
$650,001 - $974,000
25.6%
25.6%
$520,001 - $650,000
17.1%
17.1%
$389,001 - $520,000
24.0%
24.0%
$260,001 - $389,000
26.5%
26.5%
$130,001 - $260,000
0.7%
0.7%
$65,001 - $130,000
0.0%
0.0%
$0 - $65,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NY

Value Relative To Nation

Number Of Homes And Apartments:
1,269

Rhinebeck Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
124.12% 3.82%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,292 / per month

Homeownership Rate

Owners
48.7%
48.7%
Renters
51.3%
51.3%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.4%
4.4%
1970 - 1999
42.6%
42.6%
1940 - 1969
25.2%
25.2%
1939 or Older
27.7%
27.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.5%
58.5%
Townhomes
7.7%
7.7%
Small Apt. Buildings
14.0%
14.0%
Apt. Complexes
19.7%
19.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
28.7%
28.7%
2 Bedrooms
28.5%
28.5%
3 Bedrooms
30.7%
30.7%
4 Bedrooms
10.3%
10.3%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES