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 5,986 people, 2,515 houses or apartments, and a median cost of homes of $547,970, East Aurora real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in East Aurora, accounting for 64.13% of the village's housing units. Other types of housing that are prevalent in East Aurora include duplexes, homes converted to apartments or other small apartment buildings ( 22.84%), large apartment complexes or high rise apartments ( 10.94%), and a few row houses and other attached homes ( 2.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Aurora. Owner-occupied housing accounts for 66.46% of East Aurora's homes, and 61.07% have either three or four bedrooms, which is average sized relative to America.
The housing in East Aurora was primarily built before 1939 ( 47.73%), making the housing stock in East Aurora some of the oldest overall in America, although there is a range of ages of homes in East Aurora. The next most important housing age is between 1940-1969 ( 30.20%), followed by between 1970-1999 ( 16.94%). There's also some housing in East Aurora built between 2000 and later ( 5.12%).
Appreciation rates for homes in East Aurora have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.24%, which ranks in the top 30% nationwide. This equates to an annual average East Aurora house appreciation rate of 7.82%.
Appreciation rates are so strong in East Aurora that despite a nationwide downturn in the housing market, East Aurora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Aurora appreciation rates continue to be some of the highest in America, at 7.12%, which is higher than appreciation rates in 84.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Aurora. East Aurora appreciation rates in the latest quarter were at 0.28%, which equates to an annual appreciation rate of 1.13%.
Relative to New York, our data show that East Aurora's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$547,970
for New york
for nation
2,515
$2,233 / per month