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 3,239 people, 962 houses or apartments, and a median cost of homes of $1,298,667, Bedford Hills house prices are not only among the most expensive in New York, Bedford Hills real estate also is some of the most expensive in all of America.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Bedford Hills, accounting for 34.81% of the town's housing units. Other types of housing that are prevalent in Bedford Hills include large apartment complexes or high rise apartments ( 31.63%), single-family detached homes ( 28.45%), and a few row houses and other attached homes ( 5.11%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Bedford Hills primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Bedford Hills 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. Bedford Hills's housing was primarily built during this period, from the '40s through the '60s. A full 37.70% of the town's housing hails from this era. Other housing ages represented in Bedford Hills include homes built between 1970-1999 ( 32.59%) and housing constructed before 1939 ( 25.27%). There's also some housing in Bedford Hills built between 2000 and later ( 4.44%).
Bedford Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bedford Hills during the period has been just 4.83%, which is lower than 80% of US communities.
Appreciation rates are so strong in Bedford Hills that despite a nationwide downturn in the housing market, Bedford Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bedford Hills appreciation rates continue to be some of the highest in America, at 9.19%, which is higher than appreciation rates in 82.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bedford Hills. Bedford Hills appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Bedford Hills's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$1,298,667
for New york
for nation
962
$3,666 / per month