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 10,140 people, 4,521 houses or apartments, and a median cost of homes of $176,198, house prices in Oneida are solidly below the national average.
Single-family detached homes are the single most common housing type in Oneida, accounting for 58.06% of the city's housing units. Other types of housing that are prevalent in Oneida include large apartment complexes or high rise apartments ( 23.45%), duplexes, homes converted to apartments or other small apartment buildings ( 14.98%), and a few row houses and other attached homes ( 3.43%).
The most prevalent building size and type in Oneida are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.57% owning and 39.43% renting.
The housing in Oneida was primarily built before 1939 ( 43.09%), making the housing stock in Oneida some of the oldest overall in America, although there is a range of ages of homes in Oneida. The next most important housing age is between 1940-1969 ( 28.32%), followed by between 1970-1999 ( 21.23%). There's also some housing in Oneida built between 2000 and later ( 7.36%).
Real estate appreciation rates in Oneida's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
Appreciation rates are so strong in Oneida that despite a nationwide downturn in the housing market, Oneida real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oneida appreciation rates continue to be some of the highest in America, at 8.77%, which is higher than appreciation rates in 78.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oneida. Oneida 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 Oneida's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$176,198
for New york
for nation
4,521
$1,371 / per month