Cohoes, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cohoes Neighborhoods Since 2000




Cohoes, 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

Cohoes Housing Market Information

With a population of 16,538, 7,027 total housing units (homes and apartments), and a median house value of $149,363, 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 45.46% of the city's housing units. Other types of housing that are prevalent in Cohoes include single-family detached homes ( 26.28%), large apartment complexes or high rise apartments ( 22.92%), and a few row houses and other attached homes ( 5.34%). 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 ( 49.19%), 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 ( 21.33%), followed by between 1970-1999 ( 20.96%). There's also some housing in Cohoes built between 2000 and later ( 8.52%).

Vacant housing appears to be an issue in Cohoes. Fully 14.95% 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

Real estate appreciation rates in Cohoes's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Cohoes appreciation rates have trailed the rest of the nation. In the last twelve months, Cohoes's appreciation rate has been 1.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cohoes were at 0.82%, which equates to an annual appreciation rate of 3.32%.

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

Average Home Values

 

Median Home Value:
$149,363

Cohoes, NY HOME PRICES

Value Range
> $1,044,000 0.0
$783,001 - $1,044,000 0.9
$522,001 - $783,000 0.5
$417,001 - $522,000 0.0
$313,001 - $417,000 1.2
$209,001 - $313,000 15.8
$104,001 - $209,000 56.1
$52,001 - $104,000 18.7
$0 - $52,000 6.8

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
50.2929801945388 60.4938271604938

Number Of Homes And Apartments:
7,027

Cohoes 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
64.23% 2.92% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,042 / per month

Homeownership Rate

Homeownership
Owners 41.12
Renters 58.88
Vacant 14.95

Housing Market Details

 

Age of Homes

AGE OF Cohoes HOMES
2000 or Newer 8.5
1970 - 1999 21.0
1940 - 1969 21.3
1939 or Older 49.2

Types of Homes

TYPE OF Cohoes HOMES
Single-Family 26.3
Townhomes 5.3
Small Apt. Buildings 45.5
Apt. Complexes 22.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cohoes HOMES
No Bedroom 2.21
1 Bedroom 15.35
2 Bedrooms 39.20
3 Bedrooms 34.07
4 Bedrooms 6.75
5 or more bedrooms 2.41