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 Q3 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

Selkirk Housing Market Information

With a population of 11,099, 2,545 total housing units (homes and apartments), and a median house value of $316,384, 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 75.28% of the town's housing units. Other types of housing that are prevalent in Selkirk include row houses and other attached homes ( 10.10%), duplexes, homes converted to apartments or other small apartment buildings ( 7.35%), and a few mobile homes or trailers ( 4.75%).

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 80.50% of Selkirk's homes, and 69.42% 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 ( 21.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.92%). There's also some housing in Selkirk built before 1939 ( 10.99%).

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 0.72%, 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 1.43%, 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 0.13%, which equates to an annual appreciation rate of 0.50%.

Notably, Selkirk's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Selkirk's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$316,384

Selkirk, NY HOME PRICES

Value Range
> $1,109,000 0.7
$831,001 - $1,109,000 0.5
$554,001 - $831,000 2.3
$443,001 - $554,000 9.2
$333,001 - $443,000 23.9
$222,001 - $333,000 35.9
$111,001 - $222,000 22.3
$55,001 - $111,000 1.1
$0 - $55,000 4.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
18.5343065693431 33.4444444444444

Number Of Homes And Apartments:
2,545

Selkirk Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
74.89% 2.87%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,747 / per month

Homeownership Rate

Homeownership
Owners 80.50
Renters 19.50
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF Selkirk HOMES
2000 or Newer 21.2
1970 - 1999 52.8
1940 - 1969 14.9
1939 or Older 11.0

Types of Homes

TYPE OF Selkirk HOMES
Single-Family 75.3
Townhomes 10.1
Small Apt. Buildings 7.4
Apt. Complexes 2.5
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Selkirk HOMES
No Bedroom 0.00
1 Bedroom 4.37
2 Bedrooms 21.00
3 Bedrooms 38.63
4 Bedrooms 30.79
5 or more bedrooms 5.21