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 2,684, 1,452 total housing units (homes and apartments), and a median house value of $768,213, Rhinebeck house prices are not only among the most expensive in New York, Rhinebeck real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Rhinebeck, accounting for 57.36% of the village's housing units. Other types of housing that are prevalent in Rhinebeck include duplexes, homes converted to apartments or other small apartment buildings ( 19.90%), large apartment complexes or high rise apartments ( 14.66%), and a few row houses and other attached homes ( 8.09%).
People in Rhinebeck primarily live in small (one, two or no bedroom) single-family detached homes. Rhinebeck has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rhinebeck's housing was primarily built during this period, from the '40s through the '60s. A full 35.19% of the village's housing hails from this era. Other housing ages represented in Rhinebeck include homes built between 1970-1999 ( 34.30%) and housing constructed before 1939 ( 24.07%). There's also some housing in Rhinebeck built between 2000 and later ( 6.44%).
In the last 10 years, Rhinebeck has experienced some of the highest home appreciation rates of any community in the nation. Rhinebeck real estate appreciated 120.06% over the last ten years, which is an average annual home appreciation rate of 8.21%, putting Rhinebeck in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rhinebeck definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Rhinebeck that despite a nationwide downturn in the housing market, Rhinebeck real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rhinebeck appreciation rates continue to be some of the highest in America, at 8.83%, which is higher than appreciation rates in 79.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rhinebeck. Rhinebeck appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Rhinebeck's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Rhinebeck's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$768,213
for New york
for nation
1,452
$2,373 / per month