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 2,927 people, 1,397 houses or apartments, and a median cost of homes of $173,361, house prices in Walton are solidly below the national average.
Single-family detached homes are the single most common housing type in Walton, accounting for 60.60% of the village's housing units. Other types of housing that are prevalent in Walton include duplexes, homes converted to apartments or other small apartment buildings ( 23.80%), large apartment complexes or high rise apartments ( 13.11%), and a few row houses and other attached homes ( 1.43%).
People in Walton primarily live in small (one, two or no bedroom) single-family detached homes. Walton has a mixture of owner-occupied and renter-occupied housing.
The housing in Walton was primarily built before 1939 ( 67.93%), making the housing stock in Walton some of the oldest overall in America, although there is a range of ages of homes in Walton. The next most important housing age is between 1940-1969 ( 18.96%), followed by between 1970-1999 ( 10.94%). There's also some housing in Walton built between 2000 and later ( 2.18%).
Vacant housing appears to be an issue in Walton. Fully 13.18% of the housing stock is classified as vacant. Left unchecked, vacant Walton homes and apartments can be a drag on the real estate market, holding Walton 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.
Walton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Walton during the period has been just 5.71%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Walton's appreciation rate, at 6.38%, has been at or slightly above the national average. In the latest quarter, Walton's appreciation rate has been -2.87%, which annualizes to a rate of -11.00%.
Notably, Walton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Walton's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.
$173,361
for New york
for nation
1,397
$1,136 / per month