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 30,207, 10,111 total housing units (homes and apartments), and a median house value of $331,214, Middletown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Middletown, accounting for 48.18% of the city's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 22.92%), duplexes, homes converted to apartments or other small apartment buildings ( 19.96%), and a few row houses and other attached homes ( 8.69%).
People in Middletown primarily live in small (one, two or no bedroom) single-family detached homes. Middletown has a mixture of owner-occupied and renter-occupied housing.
The housing in Middletown was primarily built before 1939 ( 34.08%), making the housing stock in Middletown some of the oldest overall in America, although there is a range of ages of homes in Middletown. The next most important housing age is between 1970-1999 ( 28.55%), followed by between 1940-1969 ( 21.56%). There's also some housing in Middletown built between 2000 and later ( 15.82%).
Appreciation rates for homes in Middletown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.13%, which ranks in the top 30% nationwide. This equates to an annual average Middletown house appreciation rate of 7.71%.
Appreciation rates are so strong in Middletown that despite a nationwide downturn in the housing market, Middletown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middletown appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 70.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middletown. Middletown appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Middletown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Middletown'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 city. Individual neighborhoods within Middletown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middletown - 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 Middletown real estate investment or home purchase decisions.
$331,214
for New york
for nation
10,111
$2,607 / per month