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 2,698, 1,099 total housing units (homes and apartments), and a median house value of $383,287, Victor real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Victor, accounting for 73.00% of the village's housing units. Other types of housing that are prevalent in Victor include large apartment complexes or high rise apartments ( 11.19%), duplexes, homes converted to apartments or other small apartment buildings ( 11.19%), and a few row houses and other attached homes ( 4.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Victor. Owner-occupied housing accounts for 73.26% of Victor's homes, and 65.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Victor built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Victor built between 1940-1969 ( 31.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.14%). There's also some housing in Victor built before 1939 ( 13.41%).
Victor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Victor during the period has been just 5.72%, which is lower than 70% of US communities.
Over the last year, Victor appreciation rates have trailed the rest of the nation. In the last twelve months, Victor's appreciation rate has been 4.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Victor were at 5.43%, which equates to an annual appreciation rate of 23.57%.
Importantly, this makes Victor 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 Victor's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Victor differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Victor - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Victor real estate investment or home purchase decisions.
$383,287
for New york
for nation
1,099
$1,753 / per month