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 1,877 people, 919 houses or apartments, and a median cost of homes of $252,122, New Hartford real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in New Hartford, accounting for 64.82% of the village's housing units. Other types of housing that are prevalent in New Hartford include large apartment complexes or high rise apartments ( 18.28%), duplexes, homes converted to apartments or other small apartment buildings ( 12.94%), and a few row houses and other attached homes ( 3.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Hartford. Owner-occupied housing accounts for 66.28% of New Hartford's homes, and 66.80% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Hartford's housing was primarily built during this period, from the '40s through the '60s. A full 46.25% of the village's housing hails from this era. Other housing ages represented in New Hartford include homes built before 1939 ( 31.52%) and housing constructed between 1970-1999 ( 21.74%).
Real estate appreciation rates in New Hartford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.49% during the period.
Appreciation rates are so strong in New Hartford that despite a nationwide downturn in the housing market, New Hartford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Hartford appreciation rates continue to be some of the highest in America, at 10.17%, which is higher than appreciation rates in 95.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Hartford. New Hartford appreciation rates in the latest quarter were at 4.94%, which equates to an annual appreciation rate of 21.27%.
Importantly, this makes New Hartford 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 New Hartford's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$252,122
for New york
for nation
919
$2,101 / per month