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 601 people, 211 houses or apartments, and a median cost of homes of $193,775, house prices in Lyons Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Lyons Falls, accounting for 86.23% of the village's housing units. Other types of housing that are prevalent in Lyons Falls include mobile homes or trailers ( 6.88%), large apartment complexes or high rise apartments ( 4.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lyons Falls. Owner-occupied housing accounts for 82.14% of Lyons Falls's homes, and 60.73% have either three or four bedrooms, which is average sized relative to America.
The housing in Lyons Falls was primarily built before 1939 ( 58.70%), making the housing stock in Lyons Falls some of the oldest overall in America, although there is a range of ages of homes in Lyons Falls. The next most important housing age is between 1970-1999 ( 24.29%), followed by between 1940-1969 ( 17.00%).
Vacant housing appears to be an issue in Lyons Falls. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant Lyons Falls homes and apartments can be a drag on the real estate market, holding Lyons Falls 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 Lyons Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.96%, which ranks in the top 50% nationwide. This equates to an annual average Lyons Falls house appreciation rate of 6.90%.
Appreciation rates are so strong in Lyons Falls that despite a nationwide downturn in the housing market, Lyons Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lyons Falls appreciation rates continue to be some of the highest in America, at 12.59%, which is higher than appreciation rates in 76.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lyons Falls. Lyons Falls appreciation rates in the latest quarter were at 3.88%, which equates to an annual appreciation rate of 16.45%.
Relative to New York, our data show that Lyons Falls's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
$193,775
for New york
for nation
211
$1,093 / per month