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 1,969 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.
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.
$168,024
for New york
for nation
806
$1,353 / per month