Skaneateles, NY


Highest Appreciating Skaneateles Neighborhoods Since 2000

Skaneateles, 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

Skaneateles Housing Market Information

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.

Skaneateles Home Appreciation Rates

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.

Average Home Values


Median Home Value:

Skaneateles, NY HOME PRICES

Value Range
> $1,056,000 2.8
$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

High for NY
High for Nation

Value Relative to Nation Value Relative to State
21.3816945974452 36.1391694725028

Number Of Homes And Apartments:

Skaneateles Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
64.78% 2.94% 7 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$834 / per month

Homeownership Rate

Owners 67.03
Renters 32.97
Vacant 11.44

Housing Market Details


Age of Homes

AGE OF Skaneateles HOMES
2000 or Newer 3.8
1970 - 1999 20.6
1940 - 1969 23.3
1939 or Older 52.3

Types of Homes

TYPE OF Skaneateles HOMES
Single-Family 69.0
Townhomes 0.7
Small Apt. Buildings 15.4
Apt. Complexes 14.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Skaneateles HOMES
No Bedroom 0.77
1 Bedroom 15.05
2 Bedrooms 20.81
3 Bedrooms 29.80
4 Bedrooms 23.12
5 or more bedrooms 10.45