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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.



Kiryas Joel, 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 Q4 2023. 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

Kiryas Joel, NY Housing Market Trends

With 38,998 people, 6,202 houses or apartments, and a median cost of homes of $893,452, Kiryas Joel house prices are not only among the most expensive in New York, Kiryas Joel real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Kiryas Joel, accounting for 84.87% of the village's housing units. Other types of housing that are prevalent in Kiryas Joel include duplexes, homes converted to apartments or other small apartment buildings ( 10.86%), single-family detached homes ( 2.34%), and a few row houses and other attached homes ( 1.93%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Renters dominate Kiryas Joel's housing market, and most live in three of four bedroom dwellings.

Kiryas Joel homes and real estate are some of the newest in America. 58.51% of Kiryas Joel's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Kiryas Joel real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.10%), and before 1939 ( 1.89%). There's also some housing in Kiryas Joel built between 1940-1969 ( 1.50%).

Kiryas Joel Home Appreciation Rates

In the last 10 years, Kiryas Joel has experienced some of the highest home appreciation rates of any community in the nation. Kiryas Joel real estate appreciated 120.07% over the last ten years, which is an average annual home appreciation rate of 8.21%, putting Kiryas Joel in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kiryas Joel definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Kiryas Joel's appreciation rate, at 5.79%, has been at or slightly above the national average. In the latest quarter, Kiryas Joel's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%.

Relative to New York, our data show that Kiryas Joel's latest annual appreciation rate is lower than 60% 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 village. Individual neighborhoods within Kiryas Joel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kiryas Joel - 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 Kiryas Joel real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$893,452

Kiryas Joel, NY Home Prices
> $1,451,000
$1,088,001 - $1,451,000
$726,001 - $1,088,000
$581,001 - $726,000
$436,001 - $581,000
$290,001 - $436,000
$145,001 - $290,000
$73,001 - $145,000
$0 - $73,000
11.1%
11.1%
15.1%
15.1%
50.6%
50.6%
7.7%
7.7%
1.6%
1.6%
4.1%
4.1%
0.7%
0.7%
4.0%
4.0%
5.2%
5.2%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

6,202

Kiryas Joel Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,296 / per month

Homeownership Rate

Owners
Renters
31.5%
31.5%
68.5%
68.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
58.5%
58.5%
38.1%
38.1%
1.5%
1.5%
1.9%
1.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
2.3%
2.3%
1.9%
1.9%
10.9%
10.9%
84.9%
84.9%
0.0%
0.0%
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
0.0%
0.0%
3.6%
3.6%
22.6%
22.6%
28.7%
28.7%
25.9%
25.9%
19.3%
19.3%
0% 100.0%
% of Homes