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 2,215 people, 1,035 houses or apartments, and a median cost of homes of $238,553, house prices in Ontario are solidly below the national average.
Single-family detached homes are the single most common housing type in Ontario, accounting for 50.13% of the town's housing units. Other types of housing that are prevalent in Ontario include duplexes, homes converted to apartments or other small apartment buildings ( 19.89%), large apartment complexes or high rise apartments ( 16.74%), and a few mobile homes or trailers ( 7.19%).
The most prevalent building size and type in Ontario are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.08% owning and 43.92% renting.
The housing in Ontario was primarily built before 1939 ( 33.57%), making the housing stock in Ontario some of the oldest overall in America, although there is a range of ages of homes in Ontario. The next most important housing age is between 1970-1999 ( 32.08%), followed by between 1940-1969 ( 23.58%). There's also some housing in Ontario built between 2000 and later ( 10.78%).
Appreciation rates for homes in Ontario have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.43%, which ranks in the top 50% nationwide. This equates to an annual average Ontario house appreciation rate of 6.54%.
NeighborhoodScout's data show that during the latest twelve months, Ontario's appreciation rate, at 7.64%, has been at or slightly above the national average. In the latest quarter, Ontario's appreciation rate has been 5.43%, which annualizes to a rate of 23.58%.
Importantly, this makes Ontario one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New York, our data show that Ontario's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
$238,553
for New york
for nation
1,035
$1,356 / per month