Springville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Springville Neighborhoods Since 2000




Springville, 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

Springville Housing Market Information

With a population of 4,339, 1,893 total housing units (homes and apartments), and a median house value of $119,869, house prices in Springville are solidly below the national average.

Single-family detached homes are the single most common housing type in Springville, accounting for 59.91% of the village's housing units. Other types of housing that are prevalent in Springville include duplexes, homes converted to apartments or other small apartment buildings ( 18.99%), large apartment complexes or high rise apartments ( 16.14%), and a few row houses and other attached homes ( 4.40%).

The most prevalent building size and type in Springville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.92% owning and 43.08% renting.

The housing in Springville was primarily built before 1939 ( 42.16%), making the housing stock in Springville some of the oldest overall in America, although there is a range of ages of homes in Springville. The next most important housing age is between 1940-1969 ( 30.78%), followed by between 1970-1999 ( 23.85%). There's also some housing in Springville built between 2000 and later ( 3.21%).

Springville Home Appreciation Rates

Appreciation rates for homes in Springville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.95%, which ranks in the top 50% nationwide. This equates to an annual average Springville house appreciation rate of 0.09%.

Over the last year, Springville appreciation rates have trailed the rest of the nation. In the last twelve months, Springville's appreciation rate has been -1.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Springville were at -0.40%, which equates to an annual appreciation rate of -1.57%.

Relative to New York, our data show that Springville's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$119,869

Springville, NY HOME PRICES

Value Range
> $1,020,000 0.0
$766,001 - $1,020,000 0.0
$510,001 - $766,000 0.0
$408,001 - $510,000 1.0
$306,001 - $408,000 0.5
$204,001 - $306,000 7.0
$102,001 - $204,000 56.6
$51,001 - $102,000 32.8
$0 - $51,000 2.2

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
65.4341966483066 72.9517396184063

Number Of Homes And Apartments:
1,893

Springville 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
21.99% 1.16% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 56.92
Renters 43.08
Vacant 2.07

Housing Market Details

 

Age of Homes

AGE OF Springville HOMES
2000 or Newer 3.2
1970 - 1999 23.8
1940 - 1969 30.8
1939 or Older 42.2

Types of Homes

TYPE OF Springville HOMES
Single-Family 59.9
Townhomes 4.4
Small Apt. Buildings 19.0
Apt. Complexes 16.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Springville HOMES
No Bedroom 1.55
1 Bedroom 9.83
2 Bedrooms 35.13
3 Bedrooms 36.99
4 Bedrooms 14.23
5 or more bedrooms 2.28

Popular Neighborhoods in Springville

Zip Codes in Springville, NY