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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,059 people, 471 houses or apartments, and a median cost of homes of $368,121, Genesee real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Genesee, accounting for 82.93% of the city's housing units. Other types of housing that are prevalent in Genesee include mobile homes or trailers ( 13.41%), duplexes, homes converted to apartments or other small apartment buildings ( 2.03%), and a few large apartment complexes or high rise apartments ( 1.63%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Genesee. Owner-occupied housing accounts for 92.14% of Genesee's homes, and 68.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Genesee built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Genesee built before 1939 ( 29.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.92%). There's also some housing in Genesee built between 2000 and later ( 13.01%).
In the last 10 years, Genesee has experienced some of the highest home appreciation rates of any community in the nation. Genesee real estate appreciated 121.10% over the last ten years, which is an average annual home appreciation rate of 8.26%, putting Genesee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Genesee 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, Genesee appreciation rates have trailed the rest of the nation. In the last twelve months, Genesee's appreciation rate has been 3.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Genesee were at 3.02%, which equates to an annual appreciation rate of 12.64%.
Importantly, this makes Genesee one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Idaho, our data show that Genesee's latest annual appreciation rate is lower than 50% of the other cities and towns in Idaho.
$368,121
for Idaho
for nation
471
$1,396 / per month