Clifton Park NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Clifton Park, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Clifton Park Housing Market Information

With 40,785 people, 2,305 houses or apartments, and a median cost of homes of $157,451, house prices in Clifton Park are solidly below the national average.

Single-family detached homes are the single most common housing type in Clifton Park, accounting for 52.80% of the town's housing units. Other types of housing that are prevalent in Clifton Park include large apartment complexes or high rise apartments ( 21.20%), row houses and other attached homes ( 10.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clifton Park. Owner-occupied housing accounts for 69.07% of Clifton Park's homes, and 57.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clifton Park 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 Clifton Park built between 1940-1969 ( 17.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.19%). There's also some housing in Clifton Park built before 1939 ( 2.99%).

Clifton Park Home Appreciation Rates

Clifton Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clifton Park during the period has been just 1.55%, which is lower than 70% of US communities.

Appreciation rates are so strong in Clifton Park that despite a nationwide downturn in the housing market, Clifton Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clifton Park appreciation rates continue to be some of the highest in America, at 7.17%, which is higher than appreciation rates in 95.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clifton Park. Clifton Park appreciation rates in the latest quarter were at 3.96%, which equates to an annual appreciation rate of 16.79%.

Importantly, NeighborhoodScout’s exclusive research found that Clifton Park's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to New York, our data show that Clifton Park's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Clifton Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clifton Park - 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 Clifton Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$157,451

Clifton Park, NY HOME PRICES

Value Range
> $1,198,000 1.0
$899,001 - $1,198,000 0.4
$599,001 - $899,000 3.9
$479,001 - $599,000 6.1
$359,001 - $479,000 6.2
$240,001 - $359,000 12.0
$120,001 - $240,000 27.1
$60,001 - $120,000 31.1
$0 - $60,000 12.1

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
58.4671532846715 66.0

Number Of Homes And Apartments:
2,305

Clifton Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
85.01% 3.01%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$647 / per month

Homeownership Rate

Homeownership
Owners 69.07
Renters 30.93
Vacant 4.79

Housing Market Details

 

Age of Homes

AGE OF Clifton Park HOMES
2000 or Newer 16.2
1970 - 1999 63.4
1940 - 1969 17.4
1939 or Older 3.0

Types of Homes

TYPE OF Clifton Park HOMES
Single-Family 52.8
Townhomes 10.5
Small Apt. Buildings 8.5
Apt. Complexes 21.2
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Clifton Park HOMES
No Bedroom 0.74
1 Bedroom 9.59
2 Bedrooms 27.57
3 Bedrooms 29.06
4 Bedrooms 28.73
5 or more bedrooms 4.31