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 38,998 people, 6,202 houses or apartments, and a median cost of homes of $973,560, Kiryas Joel house prices are not only among the most expensive in New York, Kiryas Joel real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Kiryas Joel, accounting for 84.87% of the village's housing units. Other types of housing that are prevalent in Kiryas Joel include duplexes, homes converted to apartments or other small apartment buildings ( 10.86%), single-family detached homes ( 2.34%), and a few row houses and other attached homes ( 1.93%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Renters dominate Kiryas Joel's housing market, and most live in three of four bedroom dwellings.
Kiryas Joel homes and real estate are some of the newest in America. 58.51% of Kiryas Joel's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Kiryas Joel real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.10%), and before 1939 ( 1.89%). There's also some housing in Kiryas Joel built between 1940-1969 ( 1.50%).
In the last 10 years, Kiryas Joel has experienced some of the highest home appreciation rates of any community in the nation. Kiryas Joel real estate appreciated 135.18% over the last ten years, which is an average annual home appreciation rate of 8.93%, putting Kiryas Joel in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kiryas Joel definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Kiryas Joel that despite a nationwide downturn in the housing market, Kiryas Joel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kiryas Joel appreciation rates continue to be some of the highest in America, at 7.99%, which is higher than appreciation rates in 70.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kiryas Joel. Kiryas Joel appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Kiryas Joel's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Kiryas Joel's latest annual appreciation rate is higher than 60% 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 village. Individual neighborhoods within Kiryas Joel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kiryas Joel - 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 Kiryas Joel real estate investment or home purchase decisions.
$973,560
for New york
for nation
6,202
$2,376 / per month