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 31,778 people, 12,369 houses or apartments, and a median cost of homes of $545,250, East Amherst real estate prices are well above average cost compared to national prices.
East Amherst is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in East Amherst than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Amherst. Owner-occupied housing accounts for 82.80% of East Amherst's homes, and 73.15% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in East Amherst built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in East Amherst built between 2000 and later ( 25.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.87%). There's also some housing in East Amherst built before 1939 ( 2.57%).
Real estate appreciation rates in East Amherst's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.
Over the last year, East Amherst appreciation rates have trailed the rest of the nation. In the last twelve months, East Amherst's appreciation rate has been 3.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Amherst were at 2.79%, which equates to an annual appreciation rate of 11.65%.
Relative to New York, our data show that East Amherst's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within East Amherst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Amherst - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best East Amherst real estate investment or home purchase decisions.
$545,250
for New york
for nation
12,369
$2,703 / per month