Inwood, 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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Inwood, NY Housing Market Trends

With 11,340 people, 3,047 houses or apartments, and a median cost of homes of $603,095, Inwood house prices are not only among the most expensive in New York, Inwood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Inwood, accounting for 49.09% of the town's housing units. Other types of housing that are prevalent in Inwood include duplexes, homes converted to apartments or other small apartment buildings ( 28.77%), large apartment complexes or high rise apartments ( 14.03%), and a few row houses and other attached homes ( 7.65%).

The most prevalent building size and type in Inwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.23% owning and 51.77% renting.

The housing in Inwood was primarily built before 1939 ( 39.98%), making the housing stock in Inwood some of the oldest overall in America, although there is a range of ages of homes in Inwood. The next most important housing age is between 1940-1969 ( 34.56%), followed by between 1970-1999 ( 20.94%). There's also some housing in Inwood built between 2000 and later ( 4.52%).

Inwood Home Appreciation Rates

Appreciation rates for homes in Inwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 70.48%, which ranks in the top 40% nationwide. This equates to an annual average Inwood house appreciation rate of 5.48%.

Over the last year, Inwood appreciation rates have trailed the rest of the nation. In the last twelve months, Inwood's appreciation rate has been 5.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Inwood were at 2.14%, which equates to an annual appreciation rate of 8.85%.

Relative to New York, our data show that Inwood's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$603,095

Inwood, NY HOME PRICES

> $1,246,000
$934,001 - $1,246,000
$623,001 - $934,000
$498,001 - $623,000
$374,001 - $498,000
$249,001 - $374,000
$125,001 - $249,000
$62,001 - $125,000
$0 - $62,000
0.7%
0.7%
1.8%
1.8%
32.6%
32.6%
31.9%
31.9%
24.7%
24.7%
4.9%
4.9%
1.6%
1.6%
1.5%
1.5%
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
3,047

Inwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
204.58% 5.13%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,652 / per month

Homeownership Rate

Owners
Renters
Vacant
48.2%
48.2%
51.8%
51.8%
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.5%
4.5%
20.9%
20.9%
34.6%
34.6%
40.0%
40.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.1%
49.1%
7.6%
7.6%
28.8%
28.8%
14.0%
14.0%
0.5%
0.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.4%
2.4%
15.3%
15.3%
28.3%
28.3%
31.8%
31.8%
17.7%
17.7%
4.4%
4.4%
0.0% 100.0%
% OF HOMES