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 9,749 people, 1,766 houses or apartments, and a median cost of homes of $930,148, New Square house prices are not only among the most expensive in New York, New Square real estate also is some of the most expensive in all of America.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in New Square, accounting for 43.02% of the village's housing units. Other types of housing that are prevalent in New Square include large apartment complexes or high rise apartments ( 39.24%), row houses and other attached homes ( 9.01%), and a few single-family detached homes ( 7.78%). 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 New Square's housing market, and most live in three of four bedroom dwellings.
New Square homes and real estate are some of the newest in America. 47.69% of New Square'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 New Square real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.75%), and between 1940-1969 ( 6.00%). There's also some housing in New Square built before 1939 ( 2.56%).
In the last 10 years, New Square has experienced some of the highest home appreciation rates of any community in the nation. New Square real estate appreciated 123.44% over the last ten years, which is an average annual home appreciation rate of 8.37%, putting New Square in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Square 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 New Square that despite a nationwide downturn in the housing market, New Square real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Square appreciation rates continue to be some of the highest in America, at 13.80%, which is higher than appreciation rates in 96.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Square. New Square appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that New Square's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$930,148
$3,077 / per month