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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Patterson, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Patterson, NY Housing Market Trends

With 11,579 people, 3,717 houses or apartments, and a median cost of homes of $541,702, Patterson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Patterson, accounting for 78.31% of the town's housing units. Other types of housing that are prevalent in Patterson include large apartment complexes or high rise apartments ( 8.10%), duplexes, homes converted to apartments or other small apartment buildings ( 7.25%), and a few row houses and other attached homes ( 6.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Patterson. Owner-occupied housing accounts for 73.26% of Patterson's homes, and 64.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Patterson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Patterson built between 1940-1969 ( 29.94%). A lesser amount of the housing stock also hails from before 1939 ( 21.84%). There's also some housing in Patterson built between 2000 and later ( 14.11%).

Patterson Home Appreciation Rates

Patterson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Patterson during the period has been just 5.62%, which is lower than 70% of US communities.

Appreciation rates are so strong in Patterson that despite a nationwide downturn in the housing market, Patterson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Patterson appreciation rates continue to be some of the highest in America, at 9.82%, which is higher than appreciation rates in 86.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Patterson. Patterson 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 Patterson's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$541,702

Patterson, NY Home Prices
> $1,383,000
$1,037,001 - $1,383,000
$692,001 - $1,037,000
$553,001 - $692,000
$415,001 - $553,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
4.0%
4.0%
3.2%
3.2%
20.6%
20.6%
16.5%
16.5%
25.5%
25.5%
22.6%
22.6%
6.1%
6.1%
0.3%
0.3%
1.3%
1.3%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

3,717

Patterson Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,295 / per month

Homeownership Rate

Owners
Renters
73.3%
73.3%
26.7%
26.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.1%
14.1%
34.1%
34.1%
29.9%
29.9%
21.8%
21.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
6.1%
6.1%
7.2%
7.2%
8.1%
8.1%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
9.4%
9.4%
23.1%
23.1%
39.0%
39.0%
25.3%
25.3%
1.3%
1.3%
0% 100.0%
% of Homes