Selkirk NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Selkirk, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Selkirk Housing Market Information

With 11,099 people, 2,587 houses or apartments, and a median cost of homes of $313,353, Selkirk real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Selkirk, accounting for 74.58% of the town's housing units. Other types of housing that are prevalent in Selkirk include row houses and other attached homes ( 9.53%), duplexes, homes converted to apartments or other small apartment buildings ( 8.61%), and a few mobile homes or trailers ( 3.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Selkirk. Owner-occupied housing accounts for 80.67% of Selkirk's homes, and 66.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Selkirk 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 Selkirk built between 2000 and later ( 23.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.05%). There's also some housing in Selkirk built before 1939 ( 10.46%).

Selkirk Home Appreciation Rates

Selkirk's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Selkirk during the period has been just 1.00%, which is lower than 80% of US communities.

Over the last year, Selkirk appreciation rates have trailed the rest of the nation. In the last twelve months, Selkirk's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Selkirk were at 1.25%, which equates to an annual appreciation rate of 5.10%.

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

Average Home Values

 

Median Home Value:
$313,353

Selkirk, NY HOME PRICES

Value Range
> $1,121,000 0.9
$840,001 - $1,121,000 0.4
$560,001 - $840,000 2.4
$448,001 - $560,000 8.2
$336,001 - $448,000 24.9
$224,001 - $336,000 32.4
$112,001 - $224,000 25.4
$56,001 - $112,000 1.7
$0 - $56,000 3.8

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
19.7284671532847 34.6666666666667

Number Of Homes And Apartments:
2,587

Selkirk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
79.61% 2.90%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,670 / per month

Homeownership Rate

Homeownership
Owners 80.67
Renters 19.33
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF Selkirk HOMES
2000 or Newer 23.8
1970 - 1999 50.7
1940 - 1969 15.1
1939 or Older 10.5

Types of Homes

TYPE OF Selkirk HOMES
Single-Family 74.6
Townhomes 9.5
Small Apt. Buildings 8.6
Apt. Complexes 3.4
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Selkirk HOMES
No Bedroom 0.00
1 Bedroom 5.13
2 Bedrooms 22.98
3 Bedrooms 36.59
4 Bedrooms 29.61
5 or more bedrooms 5.68