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 2,095 people, 915 houses or apartments, and a median cost of homes of $167,176, house prices in Nedrow 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 Nedrow, accounting for 91.72% of the town's housing units. Other types of housing that are prevalent in Nedrow include duplexes, homes converted to apartments or other small apartment buildings ( 5.97%), mobile homes or trailers ( 1.26%), and a few row houses and other attached homes ( 1.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nedrow. Owner-occupied housing accounts for 89.29% of Nedrow's homes, and 70.23% have either three or four bedrooms, which is average sized relative to America.
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. Nedrow's housing was primarily built during this period, from the '40s through the '60s. A full 55.45% of the town's housing hails from this era. Other housing ages represented in Nedrow include homes built before 1939 ( 35.01%) and housing constructed between 2000 and later ( 6.08%). There's also some housing in Nedrow built between 1970-1999 ( 3.46%).
In the last 10 years, Nedrow has experienced some of the highest home appreciation rates of any community in the nation. Nedrow real estate appreciated 121.90% over the last ten years, which is an average annual home appreciation rate of 8.30%, putting Nedrow in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Nedrow 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 Nedrow that despite a nationwide downturn in the housing market, Nedrow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nedrow appreciation rates continue to be some of the highest in America, at 11.21%, which is higher than appreciation rates in 91.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nedrow. Nedrow appreciation rates in the latest quarter were at 1.77%, which equates to an annual appreciation rate of 7.28%.
Relative to New York, our data show that Nedrow's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$167,176
for New york
for nation
915
$1,804 / per month