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 1,669, 683 total housing units (homes and apartments), and a median house value of $269,462, Altamont real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Altamont, accounting for 70.41% of the village's housing units. Other types of housing that are prevalent in Altamont include large apartment complexes or high rise apartments ( 14.08%), duplexes, homes converted to apartments or other small apartment buildings ( 12.09%), and a few row houses and other attached homes ( 3.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Altamont. Owner-occupied housing accounts for 69.83% of Altamont's homes, and 67.99% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Altamont 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 Altamont built before 1939 ( 35.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.33%). There's also some housing in Altamont built between 2000 and later ( 4.55%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Altamont, where house values have increased just 5.85%, which is annualized rate of 0.57%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Altamont's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Altamont's appreciation rate has been 1.27%, which annualizes to a rate of 5.19%.
Notably, Altamont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Altamont's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.
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