Warwick, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Warwick Neighborhoods Since 2000




Warwick, 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

Warwick Housing Market Information

With 6,823 people, 2,870 houses or apartments, and a median cost of homes of $314,581, 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 45.23% of the village's housing units. Other types of housing that are prevalent in Warwick include large apartment complexes or high rise apartments ( 35.14%), row houses and other attached homes ( 11.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.45%).

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 ( 29.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.50%). There's also some housing in Warwick built between 1940-1969 ( 12.26%).

Warwick Home Appreciation Rates

Homes have actually lost value in Warwick over the last then years, as home values have seen a decline of 19.61% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Warwick home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Warwick's appreciation rate, at 3.19%, has been at or slightly above the national average. In the latest quarter, Warwick's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$314,581

Warwick, NY HOME PRICES

Value Range
> $1,047,000 0.6
$785,001 - $1,047,000 0.9
$524,001 - $785,000 8.4
$419,001 - $524,000 14.4
$314,001 - $419,000 25.1
$210,001 - $314,000 33.9
$105,001 - $210,000 13.2
$52,001 - $105,000 1.9
$0 - $52,000 1.7

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
15.0767608109692 31.2008978675645

Number Of Homes And Apartments:
2,870

Warwick 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
36.00% 1.80% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,533 / per month

Homeownership Rate

Homeownership
Owners 62.14
Renters 37.86
Vacant 5.65

Housing Market Details

 

Age of Homes

AGE OF Warwick HOMES
2000 or Newer 16.5
1970 - 1999 41.9
1940 - 1969 12.3
1939 or Older 29.4

Types of Homes

TYPE OF Warwick HOMES
Single-Family 45.2
Townhomes 11.2
Small Apt. Buildings 8.4
Apt. Complexes 35.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Warwick HOMES
No Bedroom 4.37
1 Bedroom 25.05
2 Bedrooms 22.02
3 Bedrooms 29.45
4 Bedrooms 12.06
5 or more bedrooms 7.03