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 a population of 10,158, 4,845 total housing units (homes and apartments), and a median house value of $130,699, house prices in Massena 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 Massena, accounting for 67.19% of the village's housing units. Other types of housing that are prevalent in Massena include duplexes, homes converted to apartments or other small apartment buildings ( 15.90%), large apartment complexes or high rise apartments ( 15.50%), and a few row houses and other attached homes ( 1.11%).
The most prevalent building size and type in Massena are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.05% owning and 43.95% renting.
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. Massena's housing was primarily built during this period, from the '40s through the '60s. A full 58.95% of the village's housing hails from this era. Other housing ages represented in Massena include homes built before 1939 ( 24.83%) and housing constructed between 1970-1999 ( 15.52%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Massena, where house values have increased just 46.96%, which is annualized rate of 3.93%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Massena that despite a nationwide downturn in the housing market, Massena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Massena appreciation rates continue to be some of the highest in America, at 11.68%, which is higher than appreciation rates in 92.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Massena. Massena appreciation rates in the latest quarter were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Massena's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Massena's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$130,699
for New york
for nation
4,845
$1,106 / per month