St. James, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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St. James, NY Real Estate Data


St. James Housing Market Information

With 13,411 people, 4,535 houses or apartments, and a median cost of homes of $461,872, real estate costs in St. James are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in St. James, accounting for 82.56% of the town's housing units. Other types of housing that are prevalent in St. James include row houses and other attached homes ( 7.95%), large apartment complexes or high rise apartments ( 6.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. James. Owner-occupied housing accounts for 87.23% of St. James's homes, and 70.28% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. James's housing was primarily built during this period, from the '40s through the '60s. A full 50.16% of the town's housing hails from this era. Other housing ages represented in St. James include homes built between 1970-1999 ( 36.53%) and housing constructed between 2000 and later ( 7.42%). There's also some housing in St. James built before 1939 ( 5.88%).

St. James Home Appreciation Rates

St. James's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. James during the period has been just -1.75%, which is lower than 80% of US communities.

Over the last year, St. James appreciation rates have trailed the rest of the nation. In the last twelve months, St. James's appreciation rate has been 2.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. James were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that St. James's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$461,872

St. James, NY HOME PRICES

Value Range
> $1,053,000 1.5
$789,001 - $1,053,000 7.1
$526,001 - $789,000 21.3
$421,001 - $526,000 29.2
$316,001 - $421,000 30.9
$211,001 - $316,000 5.5
$105,001 - $211,000 1.4
$53,001 - $105,000 0.9
$0 - $53,000 2.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
7.29050770041576 20.4264870931538

Number Of Homes And Apartments:
4,535

Rent & Ownership

 

Average Market Rent:
$2,025 / per month

Homeownership Rate

Homeownership
Owners 87.23
Renters 12.77
Vacant 4.35

Housing Market Details

 

Age of Homes

AGE OF St. James HOMES
2000 or Newer 7.4
1970 - 1999 36.5
1940 - 1969 50.2
1939 or Older 5.9

Types of Homes

TYPE OF St. James HOMES
Single-Family 82.6
Townhomes 8.0
Small Apt. Buildings 3.3
Apt. Complexes 6.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF St. James HOMES
No Bedroom 1.05
1 Bedroom 7.28
2 Bedrooms 16.01
3 Bedrooms 41.93
4 Bedrooms 28.35
5 or more bedrooms 5.38

St. James Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.01% 2.57% 5 7
* 10 is highest