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 911 people, 413 houses or apartments, and a median cost of homes of $154,078, house prices in Whitney Point 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 Whitney Point, accounting for 44.28% of the village's housing units. Other types of housing that are prevalent in Whitney Point include duplexes, homes converted to apartments or other small apartment buildings ( 22.87%), large apartment complexes or high rise apartments ( 17.88%), and a few mobile homes or trailers ( 14.97%).
The most prevalent building size and type in Whitney Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 53.51% owning and 46.49% renting.
The housing in Whitney Point was primarily built before 1939 ( 40.75%), making the housing stock in Whitney Point some of the oldest overall in America, although there is a range of ages of homes in Whitney Point. The next most important housing age is between 1970-1999 ( 36.59%), followed by between 1940-1969 ( 17.67%). There's also some housing in Whitney Point built between 2000 and later ( 4.99%).
Vacant housing appears to be an issue in Whitney Point. Fully 14.14% of the housing stock is classified as vacant. Left unchecked, vacant Whitney Point homes and apartments can be a drag on the real estate market, holding Whitney Point 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Whitney Point, where house values have increased just 47.06%, which is annualized rate of 3.93%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Whitney Point appreciation rates have trailed the rest of the nation. In the last twelve months, Whitney Point's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whitney Point were at -7.79%, which equates to an annual appreciation rate of -27.70%.
Notably, Whitney Point's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Whitney Point's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$154,078
for New york
for nation
413
$1,421 / per month