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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wellsville, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wellsville, NY Housing Market Trends

With 4,590 people, 2,217 houses or apartments, and a median cost of homes of $130,482, house prices in Wellsville are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Wellsville, accounting for 61.61% of the village's housing units. Other types of housing that are prevalent in Wellsville include large apartment complexes or high rise apartments ( 18.87%), duplexes, homes converted to apartments or other small apartment buildings ( 16.63%), and a few mobile homes or trailers ( 2.36%).

People in Wellsville primarily live in small (one, two or no bedroom) single-family detached homes. Wellsville has a mixture of owner-occupied and renter-occupied housing.

The housing in Wellsville was primarily built before 1939 ( 41.93%), making the housing stock in Wellsville some of the oldest overall in America, although there is a range of ages of homes in Wellsville. The next most important housing age is between 1940-1969 ( 34.76%), followed by between 1970-1999 ( 22.37%).

Wellsville Home Appreciation Rates

Real estate appreciation rates in Wellsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wellsville's appreciation rate, at 7.32%, has been at or slightly above the national average. In the latest quarter, Wellsville's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.

Notably, Wellsville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Wellsville's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$130,482

Wellsville, NY Home Prices
> $1,384,000
$1,038,001 - $1,384,000
$692,001 - $1,038,000
$553,001 - $692,000
$415,001 - $553,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.0%
0.0%
1.2%
1.2%
0.3%
0.3%
0.6%
0.6%
2.3%
2.3%
8.3%
8.3%
31.8%
31.8%
40.6%
40.6%
14.9%
14.9%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

2,217

Wellsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$957 / per month

Homeownership Rate

Owners
Renters
61.8%
61.8%
38.2%
38.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.7%
9.7%
90.3%
90.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.9%
0.9%
22.4%
22.4%
34.8%
34.8%
41.9%
41.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.6%
61.6%
0.5%
0.5%
16.6%
16.6%
18.9%
18.9%
2.4%
2.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
21.8%
21.8%
26.0%
26.0%
30.0%
30.0%
17.8%
17.8%
3.3%
3.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Wellsville

Zip Codes in Wellsville, NY