Suffern, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Suffern Neighborhoods Since 2000




Suffern, 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

Suffern Housing Market Information

With 11,001 people, 4,335 houses or apartments, and a median cost of homes of $354,781, real estate costs in Suffern 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.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Suffern, accounting for 32.32% of the village's housing units. Other types of housing that are prevalent in Suffern include single-family detached homes ( 29.23%), large apartment complexes or high rise apartments ( 21.62%), and a few row houses and other attached homes ( 16.83%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Dwellings in Suffern tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.59% of the homes in Suffern have two or fewer bedrooms.

There is a lot of housing in Suffern 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 Suffern built between 1940-1969 ( 31.21%). A lesser amount of the housing stock also hails from before 1939 ( 18.36%). There's also some housing in Suffern built between 2000 and later ( 3.73%).

Suffern Home Appreciation Rates

Suffern's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Suffern during the period has been just -2.07%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Suffern's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Suffern's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Suffern's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$354,781

Suffern, NY HOME PRICES

Value Range
> $1,055,000 0.6
$791,001 - $1,055,000 0.0
$527,001 - $791,000 6.8
$422,001 - $527,000 14.4
$316,001 - $422,000 38.4
$211,001 - $316,000 21.0
$105,001 - $211,000 11.5
$53,001 - $105,000 4.9
$0 - $53,000 2.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
11.8598382749326 27.9461279461279

Number Of Homes And Apartments:
4,335

Suffern 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
41.16% 2.02% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,277 / per month

Homeownership Rate

Homeownership
Owners 68.29
Renters 31.71
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Suffern HOMES
2000 or Newer 3.7
1970 - 1999 46.7
1940 - 1969 31.2
1939 or Older 18.4

Types of Homes

TYPE OF Suffern HOMES
Single-Family 29.2
Townhomes 16.8
Small Apt. Buildings 32.3
Apt. Complexes 21.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Suffern HOMES
No Bedroom 3.58
1 Bedroom 29.08
2 Bedrooms 26.93
3 Bedrooms 27.69
4 Bedrooms 9.57
5 or more bedrooms 3.15