Canisteo, NY—14823
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canisteo, NY
As of Oct '25, the median home price in Canisteo, NY is $132,000, with a year-over-year change of 1.9%. This indicates that home prices in Canisteo, NY are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | 1.9% |
| Single Family | $132,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $112,000 | 2.8% |
3 Bed | $134,000 | 2.3% |
4 Bed | $153,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Canisteo, NY
Canisteo, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canisteo, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Canisteo, NY is 38. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | -24.0% |
Listing Count | 14 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 38 | -20.0% |
Demographics — Canisteo, NY
As of the latest ACS Survey released in 2023, Canisteo, NY has a population of 3,700, which has increased by 3.8% over the past 5 years. Canisteo, NY is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | 3.8% |
% Under 18 | 20.9% | -8.3% |
% Seniors | 26.0% | 18.2% |
% WFH | 4.8% | 118.2% |
% w/ College Degree | 21.9% | 23.0% |
As of the latest ACS Survey released in 2023, Canisteo, NY is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Canisteo, NY is asian, making up 3.5% of the population. Foreign-born residents account for 3.5% of the population in Canisteo, NY, and this percentage has increased by 337.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.6% | -4.8% |
% Black | 0.1% | -88.9% |
% Hispanic | 0.8% | 14.3% |
% Asian | 3.5% | 1,066.7% |
% Foreign Born | 3.5% | 337.5% |
Mortgage and Risk — Canisteo, NY
According to HUD data as of 2023, there were 47 mortgage originations in Canisteo, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Canisteo, NY. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Canisteo, NY
Canisteo, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | -$1,040 | $2,000 | $960 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Canisteo, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $132,000 |
| Median Household Income | $64,600 |