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 a population of 14,991, 6,745 total housing units (homes and apartments), and a median house value of $240,624, house prices in Depew are solidly below the national average.
Single-family detached homes are the single most common housing type in Depew, accounting for 71.64% of the village's housing units. Other types of housing that are prevalent in Depew include duplexes, homes converted to apartments or other small apartment buildings ( 21.37%), large apartment complexes or high rise apartments ( 4.32%), and a few row houses and other attached homes ( 2.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Depew. Owner-occupied housing accounts for 76.12% of Depew's homes, and 71.52% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Depew's housing was primarily built during this period, from the '40s through the '60s. A full 67.14% of the village's housing hails from this era. Other housing ages represented in Depew include homes built between 1970-1999 ( 15.83%) and housing constructed before 1939 ( 15.67%). There's also some housing in Depew built between 2000 and later ( 1.36%).
In the last 10 years, Depew has experienced some of the highest home appreciation rates of any community in the nation. Depew real estate appreciated 121.06% over the last ten years, which is an average annual home appreciation rate of 8.26%, putting Depew in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Depew definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Depew's appreciation rate, at 6.85%, has been at or slightly above the national average. In the latest quarter, Depew's appreciation rate has been 2.79%, which annualizes to a rate of 11.65%.
Relative to New York, our data show that Depew's latest annual appreciation rate is higher than 50% 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 village. Individual neighborhoods within Depew differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Depew - 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 Depew real estate investment or home purchase decisions.
$240,624
for New york
for nation
6,745
$1,920 / per month