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 2,442 people, 1,009 houses or apartments, and a median cost of homes of $198,319, house prices in Attica are solidly below the national average.
Single-family detached homes are the single most common housing type in Attica, accounting for 65.40% of the village's housing units. Other types of housing that are prevalent in Attica include duplexes, homes converted to apartments or other small apartment buildings ( 23.98%), large apartment complexes or high rise apartments ( 9.26%), and a few row houses and other attached homes ( 1.36%).
The most prevalent building size and type in Attica are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.04% owning and 37.96% renting.
The housing in Attica was primarily built before 1939 ( 62.13%), making the housing stock in Attica some of the oldest overall in America, although there is a range of ages of homes in Attica. The next most important housing age is between 1940-1969 ( 23.34%), followed by between 1970-1999 ( 11.35%). There's also some housing in Attica built between 2000 and later ( 3.18%).
Attica's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Attica during the period has been just 5.84%, which is lower than 70% of US communities.
Appreciation rates are so strong in Attica that despite a nationwide downturn in the housing market, Attica real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Attica appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 81.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Attica. Attica appreciation rates in the latest quarter were at 3.58%, which equates to an annual appreciation rate of 15.10%.
Importantly, this makes Attica 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 Attica's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.
$198,319
for New york
for nation
1,009
$1,304 / per month