Cobleskill, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cobleskill, NY Real Estate Data


Cobleskill Housing Market Information

With a population of 4,566, 1,579 total housing units (homes and apartments), and a median house value of $156,473, Cobleskill real estate and house prices are near the national average for all cities and towns.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Cobleskill, accounting for 41.36% of the village's housing units. Other types of housing that are prevalent in Cobleskill include single-family detached homes ( 37.35%), large apartment complexes or high rise apartments ( 20.73%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Cobleskill is dominated by renter-occupied one, two, or no bedrooms apartments. 70.37% of Cobleskill's dwellings are rentals.

There is a lot of housing in Cobleskill 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 Cobleskill built before 1939 ( 30.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.90%). There's also some housing in Cobleskill built between 2000 and later ( 11.28%).

Vacant housing appears to be an issue in Cobleskill. Fully 12.23% of the housing stock is classified as vacant. Left unchecked, vacant Cobleskill homes and apartments can be a drag on the real estate market, holding Cobleskill 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.

Cobleskill Home Appreciation Rates

Appreciation rates for homes in Cobleskill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.31%, which ranks in the top 40% nationwide. This equates to an annual average Cobleskill house appreciation rate of 0.89%.

NeighborhoodScout's data show that during the latest twelve months, Cobleskill's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Cobleskill's appreciation rate has been 1.15%, which annualizes to a rate of 4.70%.

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

Average Home Values

 

Median Home Value:
$156,473

Cobleskill, NY HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.0
$523,001 - $784,000 1.9
$418,001 - $523,000 3.5
$314,001 - $418,000 0.3
$209,001 - $314,000 25.4
$104,001 - $209,000 44.6
$53,001 - $104,000 12.2
$0 - $53,000 12.3

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
48.0880716753528 56.4534231200898

Number Of Homes And Apartments:
1,579

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 29.63
Renters 70.37
Vacant 12.23

Housing Market Details

 

Age of Homes

AGE OF Cobleskill HOMES
2000 or Newer 11.3
1970 - 1999 31.2
1940 - 1969 26.9
1939 or Older 30.6

Types of Homes

TYPE OF Cobleskill HOMES
Single-Family 37.4
Townhomes 0.6
Small Apt. Buildings 41.4
Apt. Complexes 20.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cobleskill HOMES
No Bedroom 5.39
1 Bedroom 19.29
2 Bedrooms 39.97
3 Bedrooms 21.35
4 Bedrooms 8.56
5 or more bedrooms 5.45

Cobleskill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
97.96% 4.10% 10 10
* 10 is highest