Vestal, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Vestal Neighborhoods Since 2000




Vestal, 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

Vestal Housing Market Information

With a population of 19,064, 1,957 total housing units (homes and apartments), and a median house value of $159,618, Vestal 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 Vestal, accounting for 80.65% of the town's housing units. Other types of housing that are prevalent in Vestal include large apartment complexes or high rise apartments ( 9.41%), duplexes, homes converted to apartments or other small apartment buildings ( 5.46%), and a few mobile homes or trailers ( 3.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vestal. Owner-occupied housing accounts for 82.07% of Vestal's homes, and 64.52% 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. Vestal's housing was primarily built during this period, from the '40s through the '60s. A full 47.86% of the town's housing hails from this era. Other housing ages represented in Vestal include homes built between 1970-1999 ( 34.45%) and housing constructed before 1939 ( 13.34%). There's also some housing in Vestal built between 2000 and later ( 4.35%).

Vestal Home Appreciation Rates

Real estate appreciation rates in Vestal's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Over the last year, Vestal appreciation rates have trailed the rest of the nation. In the last twelve months, Vestal's appreciation rate has been 0.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vestal were at -2.87%, which equates to an annual appreciation rate of -11.00%.

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

Relative to New York, our data show that Vestal's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$159,618

Vestal, NY HOME PRICES

Value Range
> $982,000 0.5
$737,001 - $982,000 0.2
$491,001 - $737,000 1.9
$393,001 - $491,000 1.8
$295,001 - $393,000 8.0
$196,001 - $295,000 17.0
$98,001 - $196,000 45.9
$49,001 - $98,000 19.5
$0 - $49,000 5.1

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
45.8924176725653 55.2188552188552

Number Of Homes And Apartments:
1,957

Vestal 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
31.68% 1.61% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 82.07
Renters 17.93
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Vestal HOMES
2000 or Newer 4.4
1970 - 1999 34.5
1940 - 1969 47.9
1939 or Older 13.3

Types of Homes

TYPE OF Vestal HOMES
Single-Family 80.7
Townhomes 1.4
Small Apt. Buildings 5.5
Apt. Complexes 9.4
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Vestal HOMES
No Bedroom 0.51
1 Bedroom 4.29
2 Bedrooms 23.62
3 Bedrooms 40.14
4 Bedrooms 24.38
5 or more bedrooms 7.06