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 1,925 people, 914 houses or apartments, and a median cost of homes of $396,508, Hyde Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hyde Park, accounting for 82.09% of the town's housing units. Other types of housing that are prevalent in Hyde Park include duplexes, homes converted to apartments or other small apartment buildings ( 10.90%), large apartment complexes or high rise apartments ( 5.61%), and a few row houses and other attached homes ( 1.40%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hyde Park. Owner-occupied housing accounts for 71.31% of Hyde Park's homes, and 64.83% have either three or four bedrooms, which is average sized relative to America.
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. Hyde Park's housing was primarily built during this period, from the '40s through the '60s. A full 78.32% of the town's housing hails from this era. Other housing ages represented in Hyde Park include homes built before 1939 ( 14.24%) and housing constructed between 1970-1999 ( 5.50%). There's also some housing in Hyde Park built between 2000 and later ( 1.94%).
Real estate appreciation rates in Hyde Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.
Appreciation rates are so strong in Hyde Park that despite a nationwide downturn in the housing market, Hyde Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hyde Park appreciation rates continue to be some of the highest in America, at 11.05%, which is higher than appreciation rates in 91.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hyde Park. Hyde Park appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Hyde Park's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hyde Park's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
$396,508
for New york
for nation
914
$1,722 / per month