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 1,940 people, 1,042 houses or apartments, and a median cost of homes of $239,918, house prices in Arcade are solidly below the national average.
Single-family detached homes are the single most common housing type in Arcade, accounting for 69.65% of the village's housing units. Other types of housing that are prevalent in Arcade include duplexes, homes converted to apartments or other small apartment buildings ( 19.83%), large apartment complexes or high rise apartments ( 9.69%).
The most prevalent building size and type in Arcade are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.76% owning and 44.24% renting.
There is a lot of housing in Arcade built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Arcade built before 1939 ( 34.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.65%). There's also some housing in Arcade built between 2000 and later ( 1.66%).
In the last 10 years, Arcade has experienced some of the highest home appreciation rates of any community in the nation. Arcade real estate appreciated 121.68% over the last ten years, which is an average annual home appreciation rate of 8.29%, putting Arcade in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arcade definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Arcade that despite a nationwide downturn in the housing market, Arcade real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arcade appreciation rates continue to be some of the highest in America, at 16.64%, which is higher than appreciation rates in 98.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arcade. Arcade appreciation rates in the latest quarter were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Arcade's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Arcade's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$239,918
for New york
for nation
1,042
$1,287 / per month