Wellsville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wellsville, NY Real Estate Data


Wellsville Housing Market Information

With 4,533 people, 1,980 houses or apartments, and a median cost of homes of $67,258, 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 63.16% 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 ( 22.96%), large apartment complexes or high rise apartments ( 10.34%), and a few row houses and other attached homes ( 2.61%).

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 51.83% owning and 48.17% renting.

The housing in Wellsville was primarily built before 1939 ( 47.51%), 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 ( 33.63%), followed by between 1970-1999 ( 17.93%).

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 -0.03% 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 -0.15%, 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 0.41%, which equates to an annual appreciation rate of 1.66%.

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 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$67,258

Wellsville, NY HOME PRICES

Value Range
> $1,032,000 0.0
$775,001 - $1,032,000 0.3
$517,001 - $775,000 0.6
$413,001 - $517,000 0.5
$310,001 - $413,000 1.2
$207,001 - $310,000 3.2
$103,001 - $207,000 14.5
$52,001 - $103,000 49.0
$0 - $52,000 30.8

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
96.5567722667916 99.5510662177329

Number Of Homes And Apartments:
1,980

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 51.83
Renters 48.17
Vacant 7.78

Housing Market Details

 

Age of Homes

AGE OF Wellsville HOMES
2000 or Newer 0.9
1970 - 1999 17.9
1940 - 1969 33.6
1939 or Older 47.5

Types of Homes

TYPE OF Wellsville HOMES
Single-Family 63.2
Townhomes 2.6
Small Apt. Buildings 23.0
Apt. Complexes 10.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Wellsville HOMES
No Bedroom 2.98
1 Bedroom 8.43
2 Bedrooms 27.62
3 Bedrooms 40.48
4 Bedrooms 16.44
5 or more bedrooms 4.05

Wellsville 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
28.78% 1.50% 1 3
* 10 is highest

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