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 10,539 people, 5,104 houses or apartments, and a median cost of homes of $328,609, Canandaigua real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Canandaigua, accounting for 40.13% of the city's housing units. Other types of housing that are prevalent in Canandaigua include large apartment complexes or high rise apartments ( 29.39%), duplexes, homes converted to apartments or other small apartment buildings ( 17.39%), and a few row houses and other attached homes ( 11.98%).
People in Canandaigua primarily live in small (one, two or no bedroom) single-family detached homes. Canandaigua has a mixture of owner-occupied and renter-occupied housing.
The housing in Canandaigua was primarily built before 1939 ( 38.42%), making the housing stock in Canandaigua some of the oldest overall in America, although there is a range of ages of homes in Canandaigua. The next most important housing age is between 1970-1999 ( 30.53%), followed by between 1940-1969 ( 18.55%). There's also some housing in Canandaigua built between 2000 and later ( 12.50%).
Real estate appreciation rates in Canandaigua's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.37% during the period.
NeighborhoodScout's data show that during the latest twelve months, Canandaigua's appreciation rate, at 7.89%, has been at or slightly above the national average. In the latest quarter, Canandaigua's appreciation rate has been 5.43%, which annualizes to a rate of 23.57%.
Importantly, this makes Canandaigua one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to New York, our data show that Canandaigua's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Canandaigua differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canandaigua - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Canandaigua real estate investment or home purchase decisions.
$328,609
for New york
for nation
5,104
$1,784 / per month