Spencerport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Spencerport Neighborhoods Since 2000




Spencerport, 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

Spencerport Housing Market Information

With a population of 3,589, 1,424 total housing units (homes and apartments), and a median house value of $154,326, Spencerport real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Spencerport, accounting for 66.05% of the village's housing units. Other types of housing that are prevalent in Spencerport include duplexes, homes converted to apartments or other small apartment buildings ( 20.04%), large apartment complexes or high rise apartments ( 12.54%), and a few row houses and other attached homes ( 1.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spencerport. Owner-occupied housing accounts for 66.68% of Spencerport's homes, and 57.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Spencerport 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 Spencerport built before 1939 ( 28.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.61%). There's also some housing in Spencerport built between 2000 and later ( 5.04%).

Spencerport Home Appreciation Rates

Appreciation rates for homes in Spencerport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.40%, which ranks in the top 40% nationwide. This equates to an annual average Spencerport house appreciation rate of 0.62%.

Over the last year, Spencerport appreciation rates have trailed the rest of the nation. In the last twelve months, Spencerport's appreciation rate has been -0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spencerport were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

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

Average Home Values

 

Median Home Value:
$154,326

Spencerport, NY HOME PRICES

Value Range
> $1,034,000 0.0
$776,001 - $1,034,000 0.0
$517,001 - $776,000 0.0
$414,001 - $517,000 1.7
$311,001 - $414,000 1.0
$207,001 - $311,000 14.7
$104,001 - $207,000 73.3
$52,001 - $104,000 8.8
$0 - $52,000 0.6

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
48.2069612094222 57.8002244668911

Number Of Homes And Apartments:
1,424

Spencerport 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
19.93% 1.06% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,027 / per month

Homeownership Rate

Homeownership
Owners 66.68
Renters 33.32
Vacant 2.93

Housing Market Details

 

Age of Homes

AGE OF Spencerport HOMES
2000 or Newer 5.0
1970 - 1999 39.1
1940 - 1969 27.6
1939 or Older 28.2

Types of Homes

TYPE OF Spencerport HOMES
Single-Family 66.1
Townhomes 1.4
Small Apt. Buildings 20.0
Apt. Complexes 12.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spencerport HOMES
No Bedroom 0.00
1 Bedroom 15.27
2 Bedrooms 22.56
3 Bedrooms 41.45
4 Bedrooms 16.29
5 or more bedrooms 4.43