Wellsville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wellsville, 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

Wellsville Housing Market Information

With a population of 4,533, 2,017 total housing units (homes and apartments), and a median house value of $74,191, house prices in Wellsville are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Wellsville, accounting for 61.11% of the village's housing units. Other types of housing that are prevalent in Wellsville include duplexes, homes converted to apartments or other small apartment buildings ( 22.59%), large apartment complexes or high rise apartments ( 13.54%), and a few row houses and other attached homes ( 2.08%).

The most prevalent building size and type in Wellsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 49.49% owning and 50.51% renting.

The housing in Wellsville was primarily built before 1939 ( 51.47%), making the housing stock in Wellsville some of the oldest overall in America, although there is a range of ages of homes in Wellsville. The next most important housing age is between 1940-1969 ( 29.33%), followed by between 1970-1999 ( 19.19%).

Wellsville Home Appreciation Rates

Real estate appreciation rates in Wellsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Over the last year, Wellsville appreciation rates have trailed the rest of the nation. In the last twelve months, Wellsville's appreciation rate has been 0.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellsville were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$74,191

Wellsville, NY HOME PRICES

Value Range
> $1,029,000 0.0
$772,001 - $1,029,000 0.3
$515,001 - $772,000 0.4
$412,001 - $515,000 0.4
$309,001 - $412,000 0.8
$206,001 - $309,000 3.3
$103,001 - $206,000 17.6
$52,001 - $103,000 48.7
$0 - $52,000 28.5

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.4929098792922 97.8675645342312

Number Of Homes And Apartments:
2,017

Wellsville 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
44.76% 2.17% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$711 / per month

Homeownership Rate

Homeownership
Owners 49.49
Renters 50.51
Vacant 8.69

Housing Market Details

 

Age of Homes

AGE OF Wellsville HOMES
2000 or Newer 0.0
1970 - 1999 19.2
1940 - 1969 29.3
1939 or Older 51.5

Types of Homes

TYPE OF Wellsville HOMES
Single-Family 61.1
Townhomes 2.1
Small Apt. Buildings 22.6
Apt. Complexes 13.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Wellsville HOMES
No Bedroom 4.26
1 Bedroom 11.32
2 Bedrooms 25.08
3 Bedrooms 38.43
4 Bedrooms 16.48
5 or more bedrooms 4.44

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Zip Codes in Wellsville, NY