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 5,142, 1,707 total housing units (homes and apartments), and a median house value of $371,059, Liberty real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Liberty, accounting for 37.97% of the village's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 35.77%), duplexes, homes converted to apartments or other small apartment buildings ( 25.41%).
Liberty is dominated by renter-occupied one, two, or no bedrooms apartments. 73.78% of Liberty's dwellings are rentals.
The housing in Liberty was primarily built before 1939 ( 40.81%), making the housing stock in Liberty some of the oldest overall in America, although there is a range of ages of homes in Liberty. The next most important housing age is between 1940-1969 ( 30.14%), followed by between 1970-1999 ( 24.46%). There's also some housing in Liberty built between 2000 and later ( 4.58%).
Vacant housing appears to be an issue in Liberty. Fully 14.95% of the housing stock is classified as vacant. Left unchecked, vacant Liberty homes and apartments can be a drag on the real estate market, holding Liberty 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 Liberty's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.
Appreciation rates are so strong in Liberty that despite a nationwide downturn in the housing market, Liberty real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Liberty appreciation rates continue to be some of the highest in America, at 12.46%, which is higher than appreciation rates in 75.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Liberty. Liberty appreciation rates in the latest quarter were at 4.19%, which equates to an annual appreciation rate of 17.85%.
Relative to New York, our data show that Liberty's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$371,059
for New york
for nation
1,707
$1,305 / per month