0
menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ilion, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ilion, NY Housing Market Trends

With a population of 7,621, 3,340 total housing units (homes and apartments), and a median house value of $153,739, house prices in Ilion are some of the most affordable in New York as well as the nation.

Single-family detached homes are the single most common housing type in Ilion, accounting for 64.40% of the village's housing units. Other types of housing that are prevalent in Ilion include duplexes, homes converted to apartments or other small apartment buildings ( 20.28%), large apartment complexes or high rise apartments ( 14.38%).

The most prevalent building size and type in Ilion are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.96% owning and 36.04% renting.

The housing in Ilion was primarily built before 1939 ( 47.12%), making the housing stock in Ilion some of the oldest overall in America, although there is a range of ages of homes in Ilion. The next most important housing age is between 1940-1969 ( 36.16%), followed by between 1970-1999 ( 15.73%).

Vacant housing appears to be an issue in Ilion. Fully 15.12% of the housing stock is classified as vacant. Left unchecked, vacant Ilion homes and apartments can be a drag on the real estate market, holding Ilion 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.

Ilion Home Appreciation Rates

Ilion's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ilion during the period has been just 5.54%, which is lower than 70% of US communities.

Over the last year, Ilion appreciation rates have trailed the rest of the nation. In the last twelve months, Ilion's appreciation rate has been 4.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ilion were at -4.59%, which equates to an annual appreciation rate of -17.15%.

Notably, Ilion's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Ilion's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

Median Home Value

$153,739

Ilion, NY Home Prices
> $1,334,000
$1,001,001 - $1,334,000
$667,001 - $1,001,000
$534,001 - $667,000
$400,001 - $534,000
$267,001 - $400,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
0.0%
0.0%
1.0%
1.0%
0.0%
0.0%
1.4%
1.4%
2.0%
2.0%
5.4%
5.4%
34.3%
34.3%
48.2%
48.2%
7.6%
7.6%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

3,340

Ilion Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,062 / per month

Homeownership Rate

Owners
Renters
64.0%
64.0%
36.0%
36.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.1%
15.1%
84.9%
84.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.0%
1.0%
15.7%
15.7%
36.2%
36.2%
47.1%
47.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.4%
64.4%
0.4%
0.4%
20.3%
20.3%
14.4%
14.4%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
16.4%
16.4%
24.4%
24.4%
37.0%
37.0%
16.3%
16.3%
4.3%
4.3%
0% 100.0%
% of Homes