Victor, NY Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Victor, NY Housing Market Trends

With 2,680 people, 1,087 houses or apartments, and a median cost of homes of $311,035, Victor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Victor, accounting for 75.85% of the village's housing units. Other types of housing that are prevalent in Victor include duplexes, homes converted to apartments or other small apartment buildings ( 9.75%), large apartment complexes or high rise apartments ( 9.12%), and a few row houses and other attached homes ( 5.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Victor. Owner-occupied housing accounts for 77.74% of Victor's homes, and 68.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Victor 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 Victor built between 1940-1969 ( 33.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.43%). There's also some housing in Victor built before 1939 ( 13.60%).

Victor Home Appreciation Rates

Real estate appreciation rates in Victor's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.20% during the period.

Appreciation rates are so strong in Victor that despite a nationwide downturn in the housing market, Victor real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Victor appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 77.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Victor. Victor appreciation rates in the latest quarter were at 3.09%, which equates to an annual appreciation rate of 12.94%.

Importantly, this makes Victor one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

 
info

Median Home Value:
$311,035

Victor, NY HOME PRICES

> $1,139,000
1.6%
1.6%
$854,001 - $1,139,000
2.2%
2.2%
$569,001 - $854,000
5.9%
5.9%
$455,001 - $569,000
11.1%
11.1%
$342,001 - $455,000
25.2%
25.2%
$228,001 - $342,000
17.6%
17.6%
$114,001 - $228,000
25.5%
25.5%
$57,001 - $114,000
7.9%
7.9%
$0 - $57,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NY

Value Relative To Nation

Number Of Homes And Apartments:
1,087

Victor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
56.06% 2.14%
1
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,765 / per month

Homeownership Rate

Owners
77.7%
77.7%
Renters
22.3%
22.3%
Vacant
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
18.4%
18.4%
1970 - 1999
34.7%
34.7%
1940 - 1969
33.3%
33.3%
1939 or Older
13.6%
13.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.8%
75.8%
Townhomes
5.3%
5.3%
Small Apt. Buildings
9.7%
9.7%
Apt. Complexes
9.1%
9.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
12.0%
12.0%
2 Bedrooms
13.8%
13.8%
3 Bedrooms
39.3%
39.3%
4 Bedrooms
29.6%
29.6%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Victor

Zip Codes in Victor, NY