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 2,767 people, 823 houses or apartments, and a median cost of homes of $271,240, Cazenovia real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cazenovia, accounting for 62.32% of the village's housing units. Other types of housing that are prevalent in Cazenovia include duplexes, homes converted to apartments or other small apartment buildings ( 18.28%), large apartment complexes or high rise apartments ( 16.32%), and a few row houses and other attached homes ( 3.08%).
People in Cazenovia primarily live in small (one, two or no bedroom) single-family detached homes. Cazenovia has a mixture of owner-occupied and renter-occupied housing.
The housing in Cazenovia was primarily built before 1939 ( 44.25%), making the housing stock in Cazenovia some of the oldest overall in America, although there is a range of ages of homes in Cazenovia. The next most important housing age is between 1970-1999 ( 25.26%), followed by between 1940-1969 ( 23.82%). There's also some housing in Cazenovia built between 2000 and later ( 6.67%).
Vacant housing appears to be an issue in Cazenovia. Fully 15.50% of the housing stock is classified as vacant. Left unchecked, vacant Cazenovia homes and apartments can be a drag on the real estate market, holding Cazenovia 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.
Cazenovia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cazenovia during the period has been just 2.91%, which is lower than 80% of US communities.
Over the last year, Cazenovia appreciation rates have trailed the rest of the nation. In the last twelve months, Cazenovia's appreciation rate has been 17.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cazenovia were at 7.39%, which equates to an annual appreciation rate of 33.00%.
Relative to New York, our data show that Cazenovia's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
High for Nation
Average for NY