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 7,189 people, 3,257 houses or apartments, and a median cost of homes of $682,843, Nyack house prices are not only among the most expensive in New York, Nyack real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Nyack, accounting for 38.77% of the village's housing units. Other types of housing that are prevalent in Nyack include duplexes, homes converted to apartments or other small apartment buildings ( 28.76%), single-family detached homes ( 19.37%), and a few row houses and other attached homes ( 13.10%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.
Nyack is dominated by renter-occupied one, two, or no bedrooms apartments. 68.71% of Nyack's dwellings are rentals.
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. Nyack's housing was primarily built during this period, from the '40s through the '60s. A full 34.10% of the village's housing hails from this era. Other housing ages represented in Nyack include homes built before 1939 ( 28.99%) and housing constructed between 1970-1999 ( 19.17%). There's also some housing in Nyack built between 2000 and later ( 17.74%).
Nyack's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nyack during the period has been just 5.09%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Nyack's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, Nyack's appreciation rate has been 2.82%, which annualizes to a rate of 11.77%.
Relative to New York, our data show that Nyack's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$682,843
for New york
for nation
3,257
$3,790 / per month