Wolcott, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wolcott Neighborhoods Since 2000




Wolcott, 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

Wolcott Housing Market Information

With a population of 1,645, 746 total housing units (homes and apartments), and a median house value of $92,875, house prices in Wolcott 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 Wolcott, accounting for 58.69% of the village's housing units. Other types of housing that are prevalent in Wolcott include large apartment complexes or high rise apartments ( 18.10%), duplexes, homes converted to apartments or other small apartment buildings ( 11.79%), and a few mobile homes or trailers ( 9.60%).

The most prevalent building size and type in Wolcott are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 57.31% owning and 42.69% renting.

The housing in Wolcott was primarily built before 1939 ( 44.59%), making the housing stock in Wolcott some of the oldest overall in America, although there is a range of ages of homes in Wolcott. The next most important housing age is between 1970-1999 ( 32.32%), followed by between 1940-1969 ( 20.53%). There's also some housing in Wolcott built between 2000 and later ( 2.55%).

Wolcott Home Appreciation Rates

In the last 10 years, Wolcott has experienced some of the highest home appreciation rates of any community in the nation. Wolcott real estate appreciated 16.31% over the last ten years, which is an average annual home appreciation rate of 1.52%, putting Wolcott in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wolcott definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Wolcott appreciation rates have trailed the rest of the nation. In the last twelve months, Wolcott's appreciation rate has been 0.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wolcott were at -0.57%, which equates to an annual appreciation rate of -2.26%.

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

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

Average Home Values

 

Median Home Value:
$92,875

Wolcott, NY HOME PRICES

Value Range
> $1,055,000 0.1
$792,001 - $1,055,000 0.1
$528,001 - $792,000 0.1
$422,001 - $528,000 0.4
$316,001 - $422,000 2.8
$211,001 - $316,000 3.7
$106,001 - $211,000 26.8
$53,001 - $106,000 54.6
$0 - $53,000 11.6

Very Low for NY
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1223485292394 87.9910213243547

Number Of Homes And Apartments:
746

Wolcott 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
43.59% 2.12% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$720 / per month

Homeownership Rate

Homeownership
Owners 57.31
Renters 42.69
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Wolcott HOMES
2000 or Newer 2.6
1970 - 1999 32.3
1940 - 1969 20.5
1939 or Older 44.6

Types of Homes

TYPE OF Wolcott HOMES
Single-Family 58.7
Townhomes 1.6
Small Apt. Buildings 11.8
Apt. Complexes 18.1
Mobile Homes 9.6
Other 0.2

Home Size

SIZE OF Wolcott HOMES
No Bedroom 1.34
1 Bedroom 20.17
2 Bedrooms 22.84
3 Bedrooms 39.00
4 Bedrooms 13.73
5 or more bedrooms 2.92

Popular Neighborhoods in Wolcott

Zip Codes in Wolcott, NY