Rhinebeck, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rhinebeck Neighborhoods Since 2000




Rhinebeck, 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

Rhinebeck Housing Market Information

With a population of 2,609, 1,202 total housing units (homes and apartments), and a median house value of $384,860, 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 56.38% of the village's housing units. Other types of housing that are prevalent in Rhinebeck include large apartment complexes or high rise apartments ( 24.20%), duplexes, homes converted to apartments or other small apartment buildings ( 11.52%), and a few row houses and other attached homes ( 7.90%).

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.

The housing in Rhinebeck was primarily built before 1939 ( 39.42%), making the housing stock in Rhinebeck some of the oldest overall in America, although there is a range of ages of homes in Rhinebeck. The next most important housing age is between 1940-1969 ( 29.06%), followed by between 1970-1999 ( 27.39%). There's also some housing in Rhinebeck built between 2000 and later ( 4.13%).

Vacant housing appears to be an issue in Rhinebeck. Fully 12.90% of the housing stock is classified as vacant. Left unchecked, vacant Rhinebeck homes and apartments can be a drag on the real estate market, holding Rhinebeck 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.

Rhinebeck Home Appreciation Rates

Real estate appreciation rates in Rhinebeck's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

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 6.10%, which is higher than appreciation rates in 74.94% 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Rhinebeck's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$384,860

Rhinebeck, NY HOME PRICES

Value Range
> $1,118,000 6.9
$839,001 - $1,118,000 2.5
$560,001 - $839,000 12.6
$448,001 - $560,000 11.1
$335,001 - $448,000 28.6
$224,001 - $335,000 27.7
$112,001 - $224,000 6.8
$56,001 - $112,000 2.8
$0 - $56,000 1.0

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.1839915621704 25.364758698092

Number Of Homes And Apartments:
1,202

Rhinebeck 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
73.30% 3.24% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,508 / per month

Homeownership Rate

Homeownership
Owners 51.99
Renters 48.01
Vacant 12.90

Housing Market Details

 

Age of Homes

AGE OF Rhinebeck HOMES
2000 or Newer 4.1
1970 - 1999 27.4
1940 - 1969 29.1
1939 or Older 39.4

Types of Homes

TYPE OF Rhinebeck HOMES
Single-Family 56.4
Townhomes 7.9
Small Apt. Buildings 11.5
Apt. Complexes 24.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rhinebeck HOMES
No Bedroom 7.10
1 Bedroom 17.25
2 Bedrooms 29.86
3 Bedrooms 26.96
4 Bedrooms 14.57
5 or more bedrooms 4.28