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 771, 365 total housing units (homes and apartments), and a median house value of $159,542, house prices in Arkport 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 Arkport, accounting for 71.25% of the village's housing units. Other types of housing that are prevalent in Arkport include mobile homes or trailers ( 15.50%), duplexes, homes converted to apartments or other small apartment buildings ( 9.25%), and a few large apartment complexes or high rise apartments ( 4.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arkport. Owner-occupied housing accounts for 81.64% of Arkport's homes, and 71.00% have either three or four bedrooms, which is average sized relative to America.
The housing in Arkport was primarily built before 1939 ( 41.25%), making the housing stock in Arkport some of the oldest overall in America, although there is a range of ages of homes in Arkport. The next most important housing age is between 1970-1999 ( 34.00%), followed by between 1940-1969 ( 22.00%). There's also some housing in Arkport built between 2000 and later ( 2.75%).
Real estate appreciation rates in Arkport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.62% during the period.
Appreciation rates are so strong in Arkport that despite a nationwide downturn in the housing market, Arkport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arkport appreciation rates continue to be some of the highest in America, at 10.39%, which is higher than appreciation rates in 85.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arkport. Arkport appreciation rates in the latest quarter were at 4.83%, which equates to an annual appreciation rate of 20.75%.
Importantly, this makes Arkport one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Arkport's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$159,542
for New york
for nation
365
$1,232 / per month