Altamont, 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Altamont, NY Housing Market Trends

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%).

Altamont Home Appreciation Rates

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.

Average Home Values

 
info

Median Home Value:
$269,462

Altamont, NY HOME PRICES

> $1,080,000
0.0%
0.0%
$810,001 - $1,080,000
0.0%
0.0%
$540,001 - $810,000
2.3%
2.3%
$432,001 - $540,000
3.3%
3.3%
$324,001 - $432,000
17.6%
17.6%
$216,001 - $324,000
53.2%
53.2%
$108,001 - $216,000
23.0%
23.0%
$54,001 - $108,000
0.0%
0.0%
$0 - $54,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NY

Value Relative To Nation

Number Of Homes And Apartments:
683

Altamont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
80.47% 2.85%
4
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,048 / per month

Homeownership Rate

Owners
69.8%
69.8%
Renters
30.2%
30.2%
Vacant
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
36.7%
36.7%
1940 - 1969
23.3%
23.3%
1939 or Older
35.4%
35.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.4%
70.4%
Townhomes
3.4%
3.4%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
14.1%
14.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
10.5%
10.5%
2 Bedrooms
15.9%
15.9%
3 Bedrooms
40.5%
40.5%
4 Bedrooms
27.5%
27.5%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES