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 596 people, 202 houses or apartments, and a median cost of homes of $212,733, 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 89.03% of the village's housing units. Other types of housing that are prevalent in Lyons Falls include large apartment complexes or high rise apartments ( 5.91%), mobile homes or trailers ( 3.80%), and a few row houses and other attached homes ( 1.27%).
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 90.03% of Lyons Falls's homes, and 69.62% have either three or four bedrooms, which is average sized relative to America.
The housing in Lyons Falls was primarily built before 1939 ( 64.56%), 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 ( 22.78%), followed by between 1940-1969 ( 12.66%).
Vacant housing appears to be an issue in Lyons Falls. Fully 14.77% 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 100.99%, which ranks in the top 40% nationwide. This equates to an annual average Lyons Falls house appreciation rate of 7.23%.
Over the last year, Lyons Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Lyons Falls's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lyons Falls were at 2.73%, which equates to an annual appreciation rate of 11.36%.
Importantly, this makes Lyons Falls 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 Lyons Falls's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
$212,733
for New york
for nation
202
$1,220 / per month