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 3,232 people, 1,406 houses or apartments, and a median cost of homes of $260,237, Ravena real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Ravena, accounting for 54.61% of the village's housing units. Other types of housing that are prevalent in Ravena include large apartment complexes or high rise apartments ( 18.80%), duplexes, homes converted to apartments or other small apartment buildings ( 13.64%), and a few mobile homes or trailers ( 10.75%).
The most prevalent building size and type in Ravena are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.21% owning and 35.79% renting.
There is a lot of housing in Ravena 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 Ravena built between 1940-1969 ( 30.96%). A lesser amount of the housing stock also hails from before 1939 ( 20.09%). There's also some housing in Ravena built between 2000 and later ( 8.91%).
Vacant housing appears to be an issue in Ravena. Fully 13.64% of the housing stock is classified as vacant. Left unchecked, vacant Ravena homes and apartments can be a drag on the real estate market, holding Ravena real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Ravena's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ravena during the period has been just 5.04%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ravena's appreciation rate, at 7.25%, has been at or slightly above the national average. In the latest quarter, Ravena's appreciation rate has been -0.27%, which annualizes to a rate of -1.07%.
Notably, Ravena's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Ravena's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$260,237
for New york
for nation
1,406
$1,634 / per month