menu
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.



Lowville, 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

Lowville, NY Housing Market Trends

With 3,344 people, 1,487 houses or apartments, and a median cost of homes of $213,208, house prices in Lowville are solidly below the national average.

Single-family detached homes are the single most common housing type in Lowville, accounting for 60.52% of the village's housing units. Other types of housing that are prevalent in Lowville include duplexes, homes converted to apartments or other small apartment buildings ( 24.58%), large apartment complexes or high rise apartments ( 13.12%), and a few row houses and other attached homes ( 1.55%).

The most prevalent building size and type in Lowville are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 57.43% owning and 42.57% renting.

The housing in Lowville was primarily built before 1939 ( 66.39%), making the housing stock in Lowville some of the oldest overall in America, although there is a range of ages of homes in Lowville. The next most important housing age is between 1940-1969 ( 16.78%), followed by between 1970-1999 ( 14.06%). There's also some housing in Lowville built between 2000 and later ( 2.77%).

Vacant housing appears to be an issue in Lowville. Fully 17.66% of the housing stock is classified as vacant. Left unchecked, vacant Lowville homes and apartments can be a drag on the real estate market, holding Lowville 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.

Lowville Home Appreciation Rates

Real estate appreciation rates in Lowville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.29% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lowville's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, Lowville's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

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

Relative to New York, our data show that Lowville's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$213,208

Lowville, NY Home Prices
> $1,354,000
$1,015,001 - $1,354,000
$677,001 - $1,015,000
$542,001 - $677,000
$406,001 - $542,000
$271,001 - $406,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
0.1%
0.1%
1.1%
1.1%
0.6%
0.6%
2.1%
2.1%
5.7%
5.7%
19.3%
19.3%
52.3%
52.3%
14.8%
14.8%
3.9%
3.9%
0% 100.0%
% of Homes
Low

for New york

Low

for nation

Number of Homes And Apartments:

1,487

Lowville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,108 / per month

Homeownership Rate

Owners
Renters
57.4%
57.4%
42.6%
42.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.7%
17.7%
82.3%
82.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.8%
2.8%
14.1%
14.1%
16.8%
16.8%
66.4%
66.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.5%
60.5%
1.6%
1.6%
24.6%
24.6%
13.1%
13.1%
0.2%
0.2%
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
1.3%
1.3%
15.0%
15.0%
16.0%
16.0%
44.4%
44.4%
18.0%
18.0%
5.3%
5.3%
0% 100.0%
% of Homes

Popular Communities Near Lowville, NY

Zip Codes in Lowville, NY