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 1,296, 571 total housing units (homes and apartments), and a median house value of $268,185, Gasport 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 Gasport, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gasport. Owner-occupied housing accounts for 95.28% of Gasport's homes, and 62.71% have either three or four bedrooms, which is average sized relative to America.
Vacant housing appears to be an issue in Gasport. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Gasport homes and apartments can be a drag on the real estate market, holding Gasport 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.
Appreciation rates for homes in Gasport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.68%, which ranks in the top 50% nationwide. This equates to an annual average Gasport house appreciation rate of 7.00%.
NeighborhoodScout's data show that during the latest twelve months, Gasport's appreciation rate, at 8.25%, has been at or slightly above the national average. In the latest quarter, Gasport's appreciation rate has been 2.65%, which annualizes to a rate of 11.03%.
Importantly, this makes Gasport 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 Gasport's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$268,185
for New york
for nation
571
$1,272 / per month