Altamont, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Altamont, NY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Altamont Housing Market Information

With a population of 1,720, 667 total housing units (homes and apartments), and a median house value of $255,756, 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 65.52% of the village's housing units. Other types of housing that are prevalent in Altamont include duplexes, homes converted to apartments or other small apartment buildings ( 16.62%), large apartment complexes or high rise apartments ( 15.38%), and a few row houses and other attached homes ( 2.47%).

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 72.04% of Altamont's homes, and 61.95% 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 ( 37.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.02%). There's also some housing in Altamont built between 2000 and later ( 3.16%).

Altamont Home Appreciation Rates

Real estate appreciation rates in Altamont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.73% during the period.

Over the last year, Altamont appreciation rates have trailed the rest of the nation. In the last twelve months, Altamont's appreciation rate has been 0.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Altamont were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Altamont's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$255,756

Altamont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
61.90% 2.83% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 72.04
Renters 27.96
Vacant 8.38

Housing Market Details

 

Age of Homes

AGE OF Altamont HOMES
2000 or Newer 3.2
1970 - 1999 38.2
1940 - 1969 21.0
1939 or Older 37.6

Types of Homes

TYPE OF Altamont HOMES
Single-Family 65.5
Townhomes 2.5
Small Apt. Buildings 16.6
Apt. Complexes 15.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Altamont HOMES
No Bedroom 1.10
1 Bedroom 10.58
2 Bedrooms 18.13
3 Bedrooms 34.34
4 Bedrooms 27.61
5 or more bedrooms 8.24