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 12,547 people, 4,870 houses or apartments, and a median cost of homes of $353,381, Clay real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Clay, accounting for 85.56% of the town's housing units. Other types of housing that are prevalent in Clay include large apartment complexes or high rise apartments ( 7.61%), row houses and other attached homes ( 6.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clay. Owner-occupied housing accounts for 87.71% of Clay's homes, and 81.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Clay built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clay built between 2000 and later ( 29.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.64%). There's also some housing in Clay built before 1939 ( 3.92%).
Appreciation rates for homes in Clay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.71%, which ranks in the top 50% nationwide. This equates to an annual average Clay house appreciation rate of 7.11%.
Appreciation rates are so strong in Clay that despite a nationwide downturn in the housing market, Clay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clay appreciation rates continue to be some of the highest in America, at 12.59%, which is higher than appreciation rates in 96.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clay. Clay appreciation rates in the latest quarter were at 7.78%, which equates to an annual appreciation rate of 34.94%.
Importantly, this makes Clay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New York, our data show that Clay's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
$353,381
for New york
for nation
4,870
$2,599 / per month