Amsterdam, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Amsterdam Neighborhoods Since 2000




Amsterdam, 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

Amsterdam Housing Market Information

With a population of 18,008, 7,240 total housing units (homes and apartments), and a median house value of $103,981, house prices in Amsterdam are solidly below the national average.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Amsterdam, accounting for 54.50% of the city's housing units. Other types of housing that are prevalent in Amsterdam include single-family detached homes ( 34.03%), large apartment complexes or high rise apartments ( 7.37%), and a few row houses and other attached homes ( 4.07%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Amsterdam are three and four bedroom dwellings. The city has a mixture of owners and renters, with 48.60% owning and 51.40% renting.

The housing in Amsterdam was primarily built before 1939 ( 59.82%), making the housing stock in Amsterdam some of the oldest overall in America, although there is a range of ages of homes in Amsterdam. The next most important housing age is between 1940-1969 ( 30.99%), followed by between 1970-1999 ( 8.47%).

Vacant housing appears to be an issue in Amsterdam. Fully 20.45% of the housing stock is classified as vacant. Left unchecked, vacant Amsterdam homes and apartments can be a drag on the real estate market, holding Amsterdam real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Amsterdam Home Appreciation Rates

Real estate appreciation rates in Amsterdam's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

Over the last year, Amsterdam appreciation rates have trailed the rest of the nation. In the last twelve months, Amsterdam's appreciation rate has been 2.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Amsterdam were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Amsterdam's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Amsterdam's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Amsterdam differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Amsterdam - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Amsterdam real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,981

Amsterdam, NY HOME PRICES

Value Range
> $1,040,000 0.2
$780,001 - $1,040,000 0.4
$520,001 - $780,000 0.3
$416,001 - $520,000 0.1
$311,001 - $416,000 1.8
$208,001 - $311,000 2.9
$104,001 - $208,000 32.1
$52,001 - $104,000 45.3
$0 - $52,000 17.0

Very Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
75.03808742529 81.2570145903479

Number Of Homes And Apartments:
7,240

Amsterdam 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
49.00% 2.34% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 48.60
Renters 51.40
Vacant 20.45

Housing Market Details

 

Age of Homes

AGE OF Amsterdam HOMES
2000 or Newer 0.7
1970 - 1999 8.5
1940 - 1969 31.0
1939 or Older 59.8

Types of Homes

TYPE OF Amsterdam HOMES
Single-Family 34.0
Townhomes 4.1
Small Apt. Buildings 54.5
Apt. Complexes 7.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Amsterdam HOMES
No Bedroom 0.66
1 Bedroom 9.12
2 Bedrooms 27.18
3 Bedrooms 45.62
4 Bedrooms 12.36
5 or more bedrooms 5.05