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 8,625 people, 3,515 houses or apartments, and a median cost of homes of $319,636, Port Jervis real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Port Jervis, accounting for 55.41% of the city's housing units. Other types of housing that are prevalent in Port Jervis include duplexes, homes converted to apartments or other small apartment buildings ( 21.94%), large apartment complexes or high rise apartments ( 21.09%), and a few row houses and other attached homes ( 1.57%).
People in Port Jervis primarily live in small (one, two or no bedroom) single-family detached homes. Port Jervis has a mixture of owner-occupied and renter-occupied housing.
The housing in Port Jervis was primarily built before 1939 ( 53.22%), making the housing stock in Port Jervis some of the oldest overall in America, although there is a range of ages of homes in Port Jervis. The next most important housing age is between 1940-1969 ( 21.17%), followed by between 1970-1999 ( 17.80%). There's also some housing in Port Jervis built between 2000 and later ( 7.81%).
Real estate appreciation rates in Port Jervis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.40% during the period.
Appreciation rates are so strong in Port Jervis that despite a nationwide downturn in the housing market, Port Jervis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Jervis appreciation rates continue to be some of the highest in America, at 8.14%, which is higher than appreciation rates in 71.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Jervis. Port Jervis appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Port Jervis's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Port Jervis's latest annual appreciation rate is higher than 60% 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 city. Individual neighborhoods within Port Jervis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Jervis - 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 Port Jervis real estate investment or home purchase decisions.
$319,636
for New york
for nation
3,515
$1,900 / per month