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 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'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.
$541,702
for New york
for nation
3,717
$3,295 / per month