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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.



New Hartford, 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

New Hartford, NY Housing Market Trends

With 1,877 people, 919 houses or apartments, and a median cost of homes of $249,588, house prices in New Hartford are solidly below the national average.

Single-family detached homes are the single most common housing type in New Hartford, accounting for 64.82% of the village's housing units. Other types of housing that are prevalent in New Hartford include large apartment complexes or high rise apartments ( 18.28%), duplexes, homes converted to apartments or other small apartment buildings ( 12.94%), and a few row houses and other attached homes ( 3.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Hartford. Owner-occupied housing accounts for 66.28% of New Hartford's homes, and 66.80% 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. New Hartford's housing was primarily built during this period, from the '40s through the '60s. A full 46.25% of the village's housing hails from this era. Other housing ages represented in New Hartford include homes built before 1939 ( 31.52%) and housing constructed between 1970-1999 ( 21.74%).

New Hartford Home Appreciation Rates

New Hartford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Hartford during the period has been just 5.10%, which is lower than 80% of US communities.

Over the last year, New Hartford appreciation rates have trailed the rest of the nation. In the last twelve months, New Hartford's appreciation rate has been 3.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Hartford were at -4.59%, which equates to an annual appreciation rate of -17.15%.

Notably, New Hartford's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that New Hartford's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$249,588

New Hartford, NY Home Prices
> $1,274,000
$956,001 - $1,274,000
$637,001 - $956,000
$510,001 - $637,000
$382,001 - $510,000
$255,001 - $382,000
$127,001 - $255,000
$64,001 - $127,000
$0 - $64,000
0.9%
0.9%
0.9%
0.9%
0.0%
0.0%
4.3%
4.3%
4.1%
4.1%
30.5%
30.5%
54.7%
54.7%
1.4%
1.4%
3.2%
3.2%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

919

New Hartford Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,232 / per month

Homeownership Rate

Owners
Renters
66.3%
66.3%
33.7%
33.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.2%
9.2%
90.8%
90.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.5%
0.5%
21.7%
21.7%
46.2%
46.2%
31.5%
31.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.8%
64.8%
4.0%
4.0%
12.9%
12.9%
18.3%
18.3%
0.0%
0.0%
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
0.6%
0.6%
17.9%
17.9%
11.0%
11.0%
44.6%
44.6%
22.2%
22.2%
3.8%
3.8%
0% 100.0%
% of Homes