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 26,633, 9,753 total housing units (homes and apartments), and a median house value of $615,160, real estate costs in Ossining are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Large apartment complexes or high rise apartments are the single most common housing type in Ossining, accounting for 34.78% of the village's housing units. Other types of housing that are prevalent in Ossining include single-family detached homes ( 30.93%), duplexes, homes converted to apartments or other small apartment buildings ( 24.53%), and a few row houses and other attached homes ( 9.68%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.
People in Ossining primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Ossining has a mixture of owner-occupied and renter-occupied housing.
The housing in Ossining was primarily built before 1939 ( 33.21%), making the housing stock in Ossining some of the oldest overall in America, although there is a range of ages of homes in Ossining. The next most important housing age is between 1940-1969 ( 32.15%), followed by between 1970-1999 ( 25.35%). There's also some housing in Ossining built between 2000 and later ( 9.29%).
Ossining's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ossining during the period has been just 5.25%, which is lower than 70% of US communities.
Appreciation rates are so strong in Ossining that despite a nationwide downturn in the housing market, Ossining real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ossining appreciation rates continue to be some of the highest in America, at 10.48%, which is higher than appreciation rates in 89.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ossining. Ossining 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 Ossining's latest annual appreciation rate is higher than 80% 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 village. Individual neighborhoods within Ossining differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ossining - 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 Ossining real estate investment or home purchase decisions.
$615,160
for New york
for nation
9,753
$4,126 / per month