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 12,126 people, 4,364 houses or apartments, and a median cost of homes of $623,086, real estate costs in Stony Point are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Single-family detached homes are the single most common housing type in Stony Point, accounting for 79.96% of the town's housing units. Other types of housing that are prevalent in Stony Point include mobile homes or trailers ( 8.75%), duplexes, homes converted to apartments or other small apartment buildings ( 5.53%), and a few large apartment complexes or high rise apartments ( 3.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stony Point. Owner-occupied housing accounts for 87.06% of Stony Point's homes, and 62.04% have either three or four bedrooms, which is average sized relative to America.
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. Stony Point's housing was primarily built during this period, from the '40s through the '60s. A full 39.95% of the town's housing hails from this era. Other housing ages represented in Stony Point include homes built between 1970-1999 ( 38.52%) and housing constructed between 2000 and later ( 13.88%). There's also some housing in Stony Point built before 1939 ( 7.65%).
Real estate appreciation rates in Stony Point's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.90% during the period.
Appreciation rates are so strong in Stony Point that despite a nationwide downturn in the housing market, Stony Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stony Point appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 82.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stony Point. Stony Point 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 Stony Point's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$623,086
for New york
for nation
4,364
$3,600 / per month