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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Great Valley, NY Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Great Valley, NY Housing Market Trends

With 1,969 people, 806 houses or apartments, and a median cost of homes of $168,024, house prices in Great Valley are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Great Valley, accounting for 69.03% of the town's housing units. Other types of housing that are prevalent in Great Valley include mobile homes or trailers ( 25.13%), row houses and other attached homes ( 2.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Great Valley. Owner-occupied housing accounts for 91.97% of Great Valley's homes, and 64.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Great Valley 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 Great Valley built between 2000 and later ( 19.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.86%). There's also some housing in Great Valley built before 1939 ( 15.11%).

Vacant housing appears to be an issue in Great Valley. Fully 32.72% of the housing stock is classified as vacant. Left unchecked, vacant Great Valley homes and apartments can be a drag on the real estate market, holding Great Valley 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.

Great Valley Home Appreciation Rates

Real estate appreciation rates in Great Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.19% during the period.

NeighborhoodScout's data show that during the latest twelve months, Great Valley's appreciation rate, at 6.54%, has been at or slightly above the national average. In the latest quarter, Great Valley's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

Notably, Great Valley's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Great Valley's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

Median Home Value

$168,024

Great Valley, NY Home Prices
> $1,400,000
$1,050,001 - $1,400,000
$701,001 - $1,050,000
$560,001 - $701,000
$420,001 - $560,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
0.4%
0.4%
0.1%
0.1%
0.6%
0.6%
0.7%
0.7%
4.3%
4.3%
15.1%
15.1%
40.7%
40.7%
25.9%
25.9%
12.1%
12.1%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

806

Great Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,353 / per month

Homeownership Rate

Owners
Renters
92.0%
92.0%
8.0%
8.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
32.7%
32.7%
67.3%
67.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.4%
19.4%
48.6%
48.6%
16.9%
16.9%
15.1%
15.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.0%
69.0%
2.6%
2.6%
2.0%
2.0%
1.3%
1.3%
25.1%
25.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
2.3%
2.3%
29.3%
29.3%
51.0%
51.0%
13.4%
13.4%
3.3%
3.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Great Valley

Zip Codes in Great Valley, NY