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 1,729 people, 839 houses or apartments, and a median cost of homes of $187,650, house prices in Painted Post are solidly below the national average.
Single-family detached homes are the single most common housing type in Painted Post, accounting for 68.06% of the village's housing units. Other types of housing that are prevalent in Painted Post include large apartment complexes or high rise apartments ( 16.52%), duplexes, homes converted to apartments or other small apartment buildings ( 11.34%), and a few row houses and other attached homes ( 2.31%).
The most prevalent building size and type in Painted Post are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.00% owning and 39.00% renting.
The housing in Painted Post was primarily built before 1939 ( 41.96%), making the housing stock in Painted Post some of the oldest overall in America, although there is a range of ages of homes in Painted Post. The next most important housing age is between 1940-1969 ( 41.19%), followed by between 1970-1999 ( 16.85%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Painted Post, where house values have increased just 57.66%, which is annualized rate of 4.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Painted Post that despite a nationwide downturn in the housing market, Painted Post real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Painted Post appreciation rates continue to be some of the highest in America, at 10.39%, which is higher than appreciation rates in 85.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Painted Post. Painted Post appreciation rates in the latest quarter were at 4.83%, which equates to an annual appreciation rate of 20.75%.
Importantly, this makes Painted Post 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 Painted Post's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$187,650
for New york
for nation
839
$1,356 / per month