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 14,405 people, 5,737 houses or apartments, and a median cost of homes of $345,698, Gansevoort real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Gansevoort, accounting for 73.86% of the town's housing units. Other types of housing that are prevalent in Gansevoort include large apartment complexes or high rise apartments ( 14.02%), mobile homes or trailers ( 6.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gansevoort. Owner-occupied housing accounts for 76.64% of Gansevoort's homes, and 71.37% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gansevoort 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 Gansevoort built between 2000 and later ( 35.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.93%). There's also some housing in Gansevoort built before 1939 ( 7.87%).
Gansevoort's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gansevoort during the period has been just 4.56%, which is lower than 80% of US communities.
Over the last year, Gansevoort appreciation rates have trailed the rest of the nation. In the last twelve months, Gansevoort's appreciation rate has been 4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gansevoort were at -0.27%, which equates to an annual appreciation rate of -1.07%.
Notably, Gansevoort's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Gansevoort's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$345,698
for New york
for nation
5,737
$2,650 / per month