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 12,503 people, 4,759 houses or apartments, and a median cost of homes of $174,622, house prices in Geneva are solidly below the national average.
Single-family detached homes are the single most common housing type in Geneva, accounting for 53.30% of the city's housing units. Other types of housing that are prevalent in Geneva include duplexes, homes converted to apartments or other small apartment buildings ( 24.15%), large apartment complexes or high rise apartments ( 20.44%), and a few row houses and other attached homes ( 1.95%).
People in Geneva primarily live in small (one, two or no bedroom) single-family detached homes. Geneva has a mixture of owner-occupied and renter-occupied housing.
The housing in Geneva was primarily built before 1939 ( 61.33%), making the housing stock in Geneva some of the oldest overall in America, although there is a range of ages of homes in Geneva. The next most important housing age is between 1940-1969 ( 25.72%), followed by between 1970-1999 ( 10.23%). There's also some housing in Geneva built between 2000 and later ( 2.73%).
Real estate appreciation rates in Geneva's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.16% during the period.
Over the last year, Geneva appreciation rates have trailed the rest of the nation. In the last twelve months, Geneva's appreciation rate has been 3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneva were at 5.43%, which equates to an annual appreciation rate of 23.58%.
Importantly, this makes Geneva 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 New York, our data show that Geneva's latest annual appreciation rate is lower than 80% 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 Geneva differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Geneva - 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 Geneva real estate investment or home purchase decisions.
$174,622
for New york
for nation
4,759
$1,656 / per month