Yonkers, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Yonkers Neighborhoods Since 2000




Yonkers, 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 Q3 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

Yonkers Housing Market Information

With 200,807 people, 73,073 houses or apartments, and a median cost of homes of $391,225, real estate costs in Yonkers are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Large apartment complexes or high rise apartments are the single most common housing type in Yonkers, accounting for 48.78% of the city's housing units. Other types of housing that are prevalent in Yonkers include single-family detached homes ( 25.03%), duplexes, homes converted to apartments or other small apartment buildings ( 22.78%), and a few row houses and other attached homes ( 3.30%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Yonkers primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Yonkers 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. Yonkers's housing was primarily built during this period, from the '40s through the '60s. A full 47.94% of the city's housing hails from this era. Other housing ages represented in Yonkers include homes built before 1939 ( 30.24%) and housing constructed between 1970-1999 ( 17.00%). There's also some housing in Yonkers built between 2000 and later ( 4.82%).

Vacant housing appears to be an issue in Yonkers. Fully 10.88% of the housing stock is classified as vacant. Left unchecked, vacant Yonkers homes and apartments can be a drag on the real estate market, holding Yonkers 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.

Yonkers Home Appreciation Rates

Real estate appreciation rates in Yonkers's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

NeighborhoodScout's data show that during the latest twelve months, Yonkers's appreciation rate, at 5.23%, has been at or slightly above the national average. In the latest quarter, Yonkers's appreciation rate has been 1.54%, which annualizes to a rate of 6.32%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Yonkers differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Yonkers - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Yonkers real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$391,225

Yonkers, NY HOME PRICES

Value Range
> $1,155,000 1.5
$866,001 - $1,155,000 3.6
$578,001 - $866,000 17.1
$462,001 - $578,000 17.3
$346,001 - $462,000 21.8
$231,001 - $346,000 15.6
$115,001 - $231,000 15.4
$58,001 - $115,000 4.2
$0 - $58,000 3.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.6387961824463 25.5839822024472

Number Of Homes And Apartments:
73,073

Yonkers Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
77.60% 3.29% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,837 / per month

Homeownership Rate

Homeownership
Owners 46.76
Renters 53.24
Vacant 10.88

Housing Market Details

 

Age of Homes

AGE OF Yonkers HOMES
2000 or Newer 4.8
1970 - 1999 17.0
1940 - 1969 47.9
1939 or Older 30.2

Types of Homes

TYPE OF Yonkers HOMES
Single-Family 25.0
Townhomes 3.3
Small Apt. Buildings 22.8
Apt. Complexes 48.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Yonkers HOMES
No Bedroom 7.34
1 Bedroom 24.61
2 Bedrooms 29.95
3 Bedrooms 25.79
4 Bedrooms 8.80
5 or more bedrooms 3.51