Warwick, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Warwick, NY Real Estate Data


Warwick Housing Market Information

With a population of 6,823, 2,856 total housing units (homes and apartments), and a median house value of $309,610, Warwick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Warwick, accounting for 47.38% of the village's housing units. Other types of housing that are prevalent in Warwick include large apartment complexes or high rise apartments ( 32.46%), row houses and other attached homes ( 12.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.71%).

People in Warwick primarily live in small (one, two or no bedroom) single-family detached homes. Warwick has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Warwick 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 Warwick built before 1939 ( 28.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.20%). There's also some housing in Warwick built between 2000 and later ( 14.05%).

Warwick Home Appreciation Rates

Homes have actually lost value in Warwick over the last then years, as home values have seen a decline of 19.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Warwick home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

Over the last year, Warwick appreciation rates have trailed the rest of the nation. In the last twelve months, Warwick's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warwick were at 1.43%, which equates to an annual appreciation rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$309,610

Warwick, NY HOME PRICES

Value Range
> $1,038,000 0.7
$779,001 - $1,038,000 0.5
$519,001 - $779,000 7.7
$415,001 - $519,000 13.4
$312,001 - $415,000 22.1
$208,001 - $312,000 36.3
$104,001 - $208,000 15.7
$52,001 - $104,000 1.5
$0 - $52,000 1.9

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
15.927856180828 32.5476992143659

Number Of Homes And Apartments:
2,856

Rent & Ownership

 

Average Market Rent:
$1,325 / per month

Homeownership Rate

Homeownership
Owners 64.67
Renters 35.33
Vacant 4.23

Housing Market Details

 

Age of Homes

AGE OF Warwick HOMES
2000 or Newer 14.1
1970 - 1999 41.4
1940 - 1969 16.2
1939 or Older 28.3

Types of Homes

TYPE OF Warwick HOMES
Single-Family 47.4
Townhomes 12.4
Small Apt. Buildings 7.7
Apt. Complexes 32.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Warwick HOMES
No Bedroom 2.92
1 Bedroom 22.50
2 Bedrooms 25.12
3 Bedrooms 30.89
4 Bedrooms 12.21
5 or more bedrooms 6.37

Warwick 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
39.82% 1.99% 2 5
* 10 is highest