Victor, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Victor, 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

Victor Housing Market Information

With 2,759 people, 956 houses or apartments, and a median cost of homes of $243,352, 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 75.51% 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 ( 11.56%), large apartment complexes or high rise apartments ( 9.91%), and a few row houses and other attached homes ( 3.01%).

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 74.69% of Victor's homes, and 71.72% 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 ( 25.07%). A lesser amount of the housing stock also hails from before 1939 ( 23.81%). There's also some housing in Victor built between 2000 and later ( 12.15%).

Victor Home Appreciation Rates

Appreciation rates for homes in Victor have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.57%, which ranks in the top 30% nationwide. This equates to an annual average Victor house appreciation rate of 0.92%.

Over the last year, Victor appreciation rates have trailed the rest of the nation. In the last twelve months, Victor's appreciation rate has been 0.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Victor were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

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

Average Home Values

 

Median Home Value:
$243,352

Victor, NY HOME PRICES

Value Range
> $1,043,000 0.6
$782,001 - $1,043,000 2.6
$522,001 - $782,000 5.0
$417,001 - $522,000 8.1
$313,001 - $417,000 14.5
$209,001 - $313,000 28.1
$105,001 - $209,000 25.0
$52,001 - $105,000 13.5
$0 - $52,000 2.7

High for NY
High for Nation

Value Relative to Nation Value Relative to State
23.5380288292511 37.7104377104377

Number Of Homes And Apartments:
956

Victor 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
31.69% 1.61% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,689 / per month

Homeownership Rate

Homeownership
Owners 74.69
Renters 25.31
Vacant 7.09

Housing Market Details

 

Age of Homes

AGE OF Victor HOMES
2000 or Newer 12.1
1970 - 1999 39.0
1940 - 1969 25.1
1939 or Older 23.8

Types of Homes

TYPE OF Victor HOMES
Single-Family 75.5
Townhomes 3.0
Small Apt. Buildings 11.6
Apt. Complexes 9.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Victor HOMES
No Bedroom 1.36
1 Bedroom 8.55
2 Bedrooms 15.55
3 Bedrooms 45.97
4 Bedrooms 25.75
5 or more bedrooms 2.82

Popular Neighborhoods in Victor

Zip Codes in Victor, NY