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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cohoes, NY Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Cohoes, NY Housing Market Trends

With 17,876 people, 7,785 houses or apartments, and a median cost of homes of $251,988, Cohoes 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 Cohoes, accounting for 37.27% of the city's housing units. Other types of housing that are prevalent in Cohoes include single-family detached homes ( 28.45%), large apartment complexes or high rise apartments ( 27.97%), and a few row houses and other attached homes ( 6.31%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Cohoes primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Cohoes has a mixture of owner-occupied and renter-occupied housing.

The housing in Cohoes was primarily built before 1939 ( 44.52%), making the housing stock in Cohoes some of the oldest overall in America, although there is a range of ages of homes in Cohoes. The next most important housing age is between 1940-1969 ( 19.51%), followed by between 2000 and later ( 18.56%). There's also some housing in Cohoes built between 1970-1999 ( 17.41%).

Vacant housing appears to be an issue in Cohoes. Fully 12.45% of the housing stock is classified as vacant. Left unchecked, vacant Cohoes homes and apartments can be a drag on the real estate market, holding Cohoes 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.

Cohoes Home Appreciation Rates

Cohoes's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cohoes during the period has been just 4.64%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cohoes that despite a nationwide downturn in the housing market, Cohoes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cohoes appreciation rates continue to be some of the highest in America, at 11.30%, which is higher than appreciation rates in 98.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cohoes. Cohoes appreciation rates in the latest quarter were at 4.90%, which equates to an annual appreciation rate of 21.09%.

Importantly, this makes Cohoes one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to New York, our data show that Cohoes'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 city. Individual neighborhoods within Cohoes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cohoes - 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 Cohoes real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$251,988

Cohoes, NY Home Prices
> $1,277,000
$957,001 - $1,277,000
$638,001 - $957,000
$511,001 - $638,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
1.3%
1.3%
1.0%
1.0%
1.0%
1.0%
1.0%
1.0%
4.2%
4.2%
35.8%
35.8%
47.9%
47.9%
5.7%
5.7%
2.1%
2.1%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

7,785

Cohoes Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,925 / per month

Homeownership Rate

Owners
Renters
40.3%
40.3%
59.7%
59.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.4%
12.4%
87.6%
87.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.6%
18.6%
17.4%
17.4%
19.5%
19.5%
44.5%
44.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
28.5%
28.5%
6.3%
6.3%
37.3%
37.3%
28.0%
28.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
17.2%
17.2%
36.9%
36.9%
31.3%
31.3%
9.7%
9.7%
3.8%
3.8%
0% 100.0%
% of Homes