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
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%).
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.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Altamont HOMES|
|2000 or Newer||3.2|
|1970 - 1999||38.2|
|1940 - 1969||21.0|
|1939 or Older||37.6|
|TYPE OF Altamont HOMES|
|Small Apt. Buildings||16.6|
|SIZE OF Altamont HOMES|
|5 or more bedrooms||8.24|