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 1,726 people, 850 houses or apartments, and a median cost of homes of $147,699, house prices in Holley 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 Holley, accounting for 56.63% of the village's housing units. Other types of housing that are prevalent in Holley include duplexes, homes converted to apartments or other small apartment buildings ( 19.89%), large apartment complexes or high rise apartments ( 17.79%), and a few row houses and other attached homes ( 4.21%).
The most prevalent building size and type in Holley are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.23% owning and 38.77% renting.
The housing in Holley was primarily built before 1939 ( 54.53%), making the housing stock in Holley some of the oldest overall in America, although there is a range of ages of homes in Holley. The next most important housing age is between 1970-1999 ( 23.37%), followed by between 1940-1969 ( 20.95%). There's also some housing in Holley built between 2000 and later ( 1.16%).
Vacant housing appears to be an issue in Holley. Fully 10.53% of the housing stock is classified as vacant. Left unchecked, vacant Holley homes and apartments can be a drag on the real estate market, holding Holley 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.
Holley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Holley during the period has been just 5.40%, which is lower than 80% of US communities.
Appreciation rates are so strong in Holley that despite a nationwide downturn in the housing market, Holley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holley appreciation rates continue to be some of the highest in America, at 5.57%, which is higher than appreciation rates in 80.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holley. Holley appreciation rates in the latest quarter were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Holley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Holley's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$147,699
for New york
for nation
850
$1,350 / per month