Seneca Falls, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Seneca Falls Neighborhoods Since 2000




Seneca Falls, 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

Seneca Falls Housing Market Information

With 6,493 people, 2,800 houses or apartments, and a median cost of homes of $104,246, house prices in Seneca Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Seneca Falls, accounting for 66.44% of the village's housing units. Other types of housing that are prevalent in Seneca Falls include duplexes, homes converted to apartments or other small apartment buildings ( 16.08%), mobile homes or trailers ( 8.32%), and a few large apartment complexes or high rise apartments ( 7.08%).

The most prevalent building size and type in Seneca Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.04% owning and 36.96% renting.

The housing in Seneca Falls was primarily built before 1939 ( 51.92%), making the housing stock in Seneca Falls some of the oldest overall in America, although there is a range of ages of homes in Seneca Falls. The next most important housing age is between 1940-1969 ( 26.38%), followed by between 1970-1999 ( 18.49%). There's also some housing in Seneca Falls built between 2000 and later ( 3.22%).

Seneca Falls Home Appreciation Rates

Appreciation rates for homes in Seneca Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.46%, which ranks in the top 30% nationwide. This equates to an annual average Seneca Falls house appreciation rate of 1.18%.

NeighborhoodScout's data show that during the latest twelve months, Seneca Falls's appreciation rate, at 5.23%, has been at or slightly above the national average. In the latest quarter, Seneca Falls's appreciation rate has been -0.56%, which annualizes to a rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$104,246

Seneca Falls, NY HOME PRICES

Value Range
> $1,098,000 0.6
$824,001 - $1,098,000 0.0
$549,001 - $824,000 0.3
$439,001 - $549,000 0.0
$329,001 - $439,000 2.4
$219,001 - $329,000 5.8
$110,001 - $219,000 34.3
$55,001 - $110,000 43.8
$0 - $55,000 12.7

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
74.7802648540959 80.8080808080808

Number Of Homes And Apartments:
2,800

Seneca Falls 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
51.95% 2.46% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 63.04
Renters 36.96
Vacant 9.03

Housing Market Details

 

Age of Homes

AGE OF Seneca Falls HOMES
2000 or Newer 3.2
1970 - 1999 18.5
1940 - 1969 26.4
1939 or Older 51.9

Types of Homes

TYPE OF Seneca Falls HOMES
Single-Family 66.4
Townhomes 2.1
Small Apt. Buildings 16.1
Apt. Complexes 7.1
Mobile Homes 8.3
Other 0.0

Home Size

SIZE OF Seneca Falls HOMES
No Bedroom 0.00
1 Bedroom 7.83
2 Bedrooms 32.16
3 Bedrooms 39.15
4 Bedrooms 17.67
5 or more bedrooms 3.18

Zip Codes in Seneca Falls, NY