Whitesboro, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitesboro Neighborhoods Since 2000




Whitesboro, 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

Whitesboro Housing Market Information

With 3,694 people, 1,728 houses or apartments, and a median cost of homes of $97,533, 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 51.59% 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 ( 29.70%), large apartment complexes or high rise apartments ( 16.99%), and a few mobile homes or trailers ( 1.71%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Whitesboro's housing was primarily built during this period, from the '40s through the '60s. A full 41.35% of the village's housing hails from this era. Other housing ages represented in Whitesboro include homes built before 1939 ( 35.20%) and housing constructed between 1970-1999 ( 22.64%).

Vacant housing appears to be an issue in Whitesboro. Fully 12.86% 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

Real estate appreciation rates in Whitesboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

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 -0.23%, 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 -4.90%, which equates to an annual appreciation rate of -18.20%.

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

Relative to New York, our data show that Whitesboro's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$97,533

Whitesboro, NY HOME PRICES

Value Range
> $986,000 0.0
$739,001 - $986,000 0.0
$493,001 - $739,000 0.0
$394,001 - $493,000 1.5
$296,001 - $394,000 0.0
$197,001 - $296,000 1.4
$99,001 - $197,000 38.8
$49,001 - $99,000 55.1
$0 - $49,000 3.2

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
79.1691081682878 85.1851851851852

Number Of Homes And Apartments:
1,728

Whitesboro 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
32.23% 1.63% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$761 / per month

Homeownership Rate

Homeownership
Owners 53.63
Renters 46.37
Vacant 12.86

Housing Market Details

 

Age of Homes

AGE OF Whitesboro HOMES
2000 or Newer 0.8
1970 - 1999 22.6
1940 - 1969 41.4
1939 or Older 35.2

Types of Homes

TYPE OF Whitesboro HOMES
Single-Family 51.6
Townhomes 0.0
Small Apt. Buildings 29.7
Apt. Complexes 17.0
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Whitesboro HOMES
No Bedroom 3.48
1 Bedroom 20.73
2 Bedrooms 33.23
3 Bedrooms 30.36
4 Bedrooms 6.96
5 or more bedrooms 5.24