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 17,150, 7,353 total housing units (homes and apartments), and a median house value of $176,857, house prices in Oswego are solidly below the national average.
Single-family detached homes are the single most common housing type in Oswego, accounting for 61.81% of the city's housing units. Other types of housing that are prevalent in Oswego include duplexes, homes converted to apartments or other small apartment buildings ( 17.42%), large apartment complexes or high rise apartments ( 15.71%), and a few row houses and other attached homes ( 4.03%).
The most prevalent building size and type in Oswego are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.96% owning and 53.04% renting.
The housing in Oswego was primarily built before 1939 ( 55.78%), making the housing stock in Oswego some of the oldest overall in America, although there is a range of ages of homes in Oswego. The next most important housing age is between 1940-1969 ( 21.17%), followed by between 1970-1999 ( 17.69%). There's also some housing in Oswego built between 2000 and later ( 5.37%).
Vacant housing appears to be an issue in Oswego. Fully 13.68% of the housing stock is classified as vacant. Left unchecked, vacant Oswego homes and apartments can be a drag on the real estate market, holding Oswego 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.
Real estate appreciation rates in Oswego's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.04% during the period.
NeighborhoodScout's data show that during the latest twelve months, Oswego's appreciation rate, at 7.76%, has been at or slightly above the national average. In the latest quarter, Oswego's appreciation rate has been 1.77%, which annualizes to a rate of 7.28%.
Relative to New York, our data show that Oswego'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 Oswego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oswego - 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 Oswego real estate investment or home purchase decisions.
$176,857
for New york
for nation
7,353
$1,480 / per month