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 11,337, 3,794 total housing units (homes and apartments), and a median house value of $854,330, Dobbs Ferry house prices are not only among the most expensive in New York, Dobbs Ferry real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Dobbs Ferry, accounting for 38.60% of the village's housing units. Other types of housing that are prevalent in Dobbs Ferry include large apartment complexes or high rise apartments ( 26.07%), duplexes, homes converted to apartments or other small apartment buildings ( 23.36%), and a few row houses and other attached homes ( 11.98%).
The most prevalent building size and type in Dobbs Ferry are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 57.09% owning and 42.91% renting.
The housing in Dobbs Ferry was primarily built before 1939 ( 37.43%), making the housing stock in Dobbs Ferry some of the oldest overall in America, although there is a range of ages of homes in Dobbs Ferry. The next most important housing age is between 1940-1969 ( 34.09%), followed by between 1970-1999 ( 19.22%). There's also some housing in Dobbs Ferry built between 2000 and later ( 9.26%).
Dobbs Ferry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dobbs Ferry during the period has been just 4.54%, which is lower than 80% of US communities.
Appreciation rates are so strong in Dobbs Ferry that despite a nationwide downturn in the housing market, Dobbs Ferry real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dobbs Ferry appreciation rates continue to be some of the highest in America, at 8.36%, which is higher than appreciation rates in 73.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dobbs Ferry. Dobbs Ferry appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New York, our data show that Dobbs Ferry's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$854,330
for New york
for nation
3,794
$4,252 / per month