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 a population of 1,267, 512 total housing units (homes and apartments), and a median house value of $126,387, house prices in Bainbridge are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Bainbridge, accounting for 56.41% of the village's housing units. Other types of housing that are prevalent in Bainbridge include duplexes, homes converted to apartments or other small apartment buildings ( 37.50%), large apartment complexes or high rise apartments ( 4.69%).
The most prevalent building size and type in Bainbridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.67% owning and 36.33% renting.
The housing in Bainbridge was primarily built before 1939 ( 59.53%), making the housing stock in Bainbridge some of the oldest overall in America, although there is a range of ages of homes in Bainbridge. The next most important housing age is between 1940-1969 ( 35.16%), followed by between 1970-1999 ( 4.38%).
Vacant housing appears to be an issue in Bainbridge. Fully 20.00% of the housing stock is classified as vacant. Left unchecked, vacant Bainbridge homes and apartments can be a drag on the real estate market, holding Bainbridge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Bainbridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
NeighborhoodScout's data show that during the latest twelve months, Bainbridge's appreciation rate, at 6.68%, has been at or slightly above the national average. In the latest quarter, Bainbridge's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.
Notably, Bainbridge's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Bainbridge's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$126,387
for New york
for nation
512
$1,036 / per month