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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wolcott, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wolcott, NY Housing Market Trends

With 1,588 people, 647 houses or apartments, and a median cost of homes of $121,439, house prices in Wolcott 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 Wolcott, accounting for 47.07% of the village's housing units. Other types of housing that are prevalent in Wolcott include duplexes, homes converted to apartments or other small apartment buildings ( 20.54%), mobile homes or trailers ( 16.07%), and a few large apartment complexes or high rise apartments ( 14.16%).

People in Wolcott primarily live in small (one, two or no bedroom) single-family detached homes. Wolcott has a mixture of owner-occupied and renter-occupied housing.

The housing in Wolcott was primarily built before 1939 ( 47.70%), making the housing stock in Wolcott some of the oldest overall in America, although there is a range of ages of homes in Wolcott. The next most important housing age is between 1970-1999 ( 30.74%), followed by between 1940-1969 ( 16.07%). There's also some housing in Wolcott built between 2000 and later ( 5.48%).

Vacant housing appears to be an issue in Wolcott. Fully 17.47% of the housing stock is classified as vacant. Left unchecked, vacant Wolcott homes and apartments can be a drag on the real estate market, holding Wolcott 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.

Wolcott Home Appreciation Rates

Appreciation rates for homes in Wolcott have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.05%, which ranks in the top 50% nationwide. This equates to an annual average Wolcott house appreciation rate of 6.58%.

Over the last year, Wolcott appreciation rates have trailed the rest of the nation. In the last twelve months, Wolcott's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wolcott were at 5.43%, which equates to an annual appreciation rate of 23.57%.

Importantly, this makes Wolcott 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 Wolcott's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$121,439

Wolcott, NY Home Prices
> $1,408,000
$1,056,001 - $1,408,000
$704,001 - $1,056,000
$563,001 - $704,000
$422,001 - $563,000
$281,001 - $422,000
$141,001 - $281,000
$70,001 - $141,000
$0 - $70,000
1.4%
1.4%
1.0%
1.0%
0.7%
0.7%
1.3%
1.3%
2.2%
2.2%
7.8%
7.8%
27.9%
27.9%
46.8%
46.8%
10.9%
10.9%
0% 100.0%
% of Homes
Very Low

for New york

Very Low

for nation

Number of Homes And Apartments:

647

Wolcott Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,390 / per month

Homeownership Rate

Owners
Renters
58.6%
58.6%
41.4%
41.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.5%
17.5%
82.5%
82.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.5%
5.5%
30.7%
30.7%
16.1%
16.1%
47.7%
47.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.1%
47.1%
2.2%
2.2%
20.5%
20.5%
14.2%
14.2%
16.1%
16.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
16.6%
16.6%
30.2%
30.2%
40.2%
40.2%
7.1%
7.1%
5.0%
5.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Wolcott

Zip Codes in Wolcott, NY