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 11,340, 2,987 total housing units (homes and apartments), and a median house value of $824,090, Inwood house prices are not only among the most expensive in New York, Inwood real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Inwood, accounting for 41.64% of the town's housing units. Other types of housing that are prevalent in Inwood include duplexes, homes converted to apartments or other small apartment buildings ( 32.02%), large apartment complexes or high rise apartments ( 15.04%), and a few row houses and other attached homes ( 11.31%).
The most prevalent building size and type in Inwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 45.76% owning and 54.24% renting.
The housing in Inwood was primarily built before 1939 ( 39.35%), making the housing stock in Inwood some of the oldest overall in America, although there is a range of ages of homes in Inwood. The next most important housing age is between 1940-1969 ( 28.04%), followed by between 1970-1999 ( 21.49%). There's also some housing in Inwood built between 2000 and later ( 11.12%).
In the last 10 years, Inwood has experienced some of the highest home appreciation rates of any community in the nation. Inwood real estate appreciated 158.32% over the last ten years, which is an average annual home appreciation rate of 9.96%, putting Inwood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Inwood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Inwood that despite a nationwide downturn in the housing market, Inwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Inwood appreciation rates continue to be some of the highest in America, at 8.82%, which is higher than appreciation rates in 79.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Inwood. Inwood appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Inwood's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$824,090
for New york
for nation
2,987
$4,649 / per month