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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,474 people, 1,153 houses or apartments, and a median cost of homes of $257,756, Skaneateles real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Skaneateles, accounting for 68.97% of the village's housing units. Other types of housing that are prevalent in Skaneateles include duplexes, homes converted to apartments or other small apartment buildings ( 15.44%), large apartment complexes or high rise apartments ( 14.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Skaneateles. Owner-occupied housing accounts for 67.03% of Skaneateles's homes, and 52.92% have either three or four bedrooms, which is average sized relative to America.
The housing in Skaneateles was primarily built before 1939 ( 52.30%), making the housing stock in Skaneateles some of the oldest overall in America, although there is a range of ages of homes in Skaneateles. The next most important housing age is between 1940-1969 ( 23.27%), followed by between 1970-1999 ( 20.58%). There's also some housing in Skaneateles built between 2000 and later ( 3.84%).
Vacant housing appears to be an issue in Skaneateles. Fully 11.44% of the housing stock is classified as vacant. Left unchecked, vacant Skaneateles homes and apartments can be a drag on the real estate market, holding Skaneateles 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.
Appreciation rates for homes in Skaneateles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.56%, which ranks in the top 40% nationwide. This equates to an annual average Skaneateles house appreciation rate of 0.64%.
Over the last year, Skaneateles appreciation rates have trailed the rest of the nation. In the last twelve months, Skaneateles's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Skaneateles were at -1.68%, which equates to an annual appreciation rate of -6.55%.
Notably, Skaneateles's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Skaneateles's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
|$793,001 - $1,056,000||3.9|
|$528,001 - $793,000||9.7|
|$423,001 - $528,000||6.8|
|$317,001 - $423,000||15.8|
|$211,001 - $317,000||30.9|
|$106,001 - $211,000||26.6|
|$53,001 - $106,000||1.5|
|$0 - $53,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Skaneateles HOMES|
|2000 or Newer||3.8|
|1970 - 1999||20.6|
|1940 - 1969||23.3|
|1939 or Older||52.3|
|TYPE OF Skaneateles HOMES|
|Small Apt. Buildings||15.4|
|SIZE OF Skaneateles HOMES|
|5 or more bedrooms||10.45|