Cobleskill, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cobleskill Neighborhoods Since 2000




Cobleskill, 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

Cobleskill Housing Market Information

With a population of 4,566, 1,475 total housing units (homes and apartments), and a median house value of $152,808, 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 39.03% of the village's housing units. Other types of housing that are prevalent in Cobleskill include single-family detached homes ( 36.03%), large apartment complexes or high rise apartments ( 24.29%). 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. 69.95% 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 between 1940-1969 ( 29.42%). A lesser amount of the housing stock also hails from before 1939 ( 25.94%). There's also some housing in Cobleskill built between 2000 and later ( 11.73%).

Vacant housing appears to be an issue in Cobleskill. Fully 13.03% 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 7.07%, which ranks in the top 40% nationwide. This equates to an annual average Cobleskill house appreciation rate of 0.69%.

Over the last year, Cobleskill appreciation rates have trailed the rest of the nation. In the last twelve months, Cobleskill's appreciation rate has been 2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cobleskill were at 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$152,808

Cobleskill, NY HOME PRICES

Value Range
> $1,055,000 0.0
$792,001 - $1,055,000 0.0
$528,001 - $792,000 2.6
$422,001 - $528,000 3.2
$317,001 - $422,000 0.0
$211,001 - $317,000 24.0
$105,001 - $211,000 47.0
$53,001 - $105,000 10.3
$0 - $53,000 12.9

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
48.8280792218446 58.6980920314254

Number Of Homes And Apartments:
1,475

Cobleskill 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
96.59% 4.00% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Homeownership
Owners 30.05
Renters 69.95
Vacant 13.03

Housing Market Details

 

Age of Homes

AGE OF Cobleskill HOMES
2000 or Newer 11.7
1970 - 1999 32.9
1940 - 1969 29.4
1939 or Older 25.9

Types of Homes

TYPE OF Cobleskill HOMES
Single-Family 36.0
Townhomes 0.6
Small Apt. Buildings 39.0
Apt. Complexes 24.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cobleskill HOMES
No Bedroom 3.54
1 Bedroom 18.34
2 Bedrooms 43.69
3 Bedrooms 20.46
4 Bedrooms 9.49
5 or more bedrooms 4.48