Whitesboro, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitesboro Neighborhoods Since 2000




Whitesboro, NY Real Estate Data


Whitesboro Housing Market Information

With a population of 3,694, 1,679 total housing units (homes and apartments), and a median house value of $105,881, house prices in Whitesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Whitesboro, accounting for 54.25% of the village's housing units. Other types of housing that are prevalent in Whitesboro include duplexes, homes converted to apartments or other small apartment buildings ( 28.82%), large apartment complexes or high rise apartments ( 15.08%), and a few mobile homes or trailers ( 1.85%).

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

The housing in Whitesboro was primarily built before 1939 ( 40.86%), making the housing stock in Whitesboro some of the oldest overall in America, although there is a range of ages of homes in Whitesboro. The next most important housing age is between 1940-1969 ( 39.27%), followed by between 1970-1999 ( 18.94%).

Vacant housing appears to be an issue in Whitesboro. Fully 13.59% of the housing stock is classified as vacant. Left unchecked, vacant Whitesboro homes and apartments can be a drag on the real estate market, holding Whitesboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Whitesboro Home Appreciation Rates

Appreciation rates for homes in Whitesboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.30%, which ranks in the top 50% nationwide. This equates to an annual average Whitesboro house appreciation rate of 0.42%.

Over the last year, Whitesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Whitesboro's appreciation rate has been 3.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whitesboro were at 2.67%, which equates to an annual appreciation rate of 11.12%.

Importantly, this makes Whitesboro one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Whitesboro's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$105,881

Whitesboro, NY HOME PRICES

Value Range
> $1,042,000 0.0
$781,001 - $1,042,000 0.0
$521,001 - $781,000 0.0
$417,001 - $521,000 2.2
$312,001 - $417,000 0.0
$208,001 - $312,000 3.4
$104,001 - $208,000 44.2
$52,001 - $104,000 47.6
$0 - $52,000 2.6

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
75.1010130584997 80.0224466891134

Number Of Homes And Apartments:
1,679

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 55.52
Renters 44.48
Vacant 13.59

Housing Market Details

 

Age of Homes

AGE OF Whitesboro HOMES
2000 or Newer 0.9
1970 - 1999 18.9
1940 - 1969 39.3
1939 or Older 40.9

Types of Homes

TYPE OF Whitesboro HOMES
Single-Family 54.2
Townhomes 0.0
Small Apt. Buildings 28.8
Apt. Complexes 15.1
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Whitesboro HOMES
No Bedroom 2.62
1 Bedroom 18.17
2 Bedrooms 33.20
3 Bedrooms 34.12
4 Bedrooms 5.87
5 or more bedrooms 6.02

Whitesboro 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
39.12% 1.96% 2 4
* 10 is highest