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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.



Cold Spring, 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

Cold Spring, NY Housing Market Trends

With a population of 1,998, 845 total housing units (homes and apartments), and a median house value of $666,388, Cold Spring house prices are not only among the most expensive in New York, Cold Spring real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Cold Spring, accounting for 53.85% of the village's housing units. Other types of housing that are prevalent in Cold Spring include large apartment complexes or high rise apartments ( 21.83%), duplexes, homes converted to apartments or other small apartment buildings ( 18.09%), and a few row houses and other attached homes ( 6.24%).

People in Cold Spring primarily live in small (one, two or no bedroom) single-family detached homes. Cold Spring has a mixture of owner-occupied and renter-occupied housing.

The housing in Cold Spring was primarily built before 1939 ( 44.18%), making the housing stock in Cold Spring some of the oldest overall in America, although there is a range of ages of homes in Cold Spring. The next most important housing age is between 1970-1999 ( 26.82%), followed by between 1940-1969 ( 21.83%). There's also some housing in Cold Spring built between 2000 and later ( 7.17%).

Vacant housing appears to be an issue in Cold Spring. Fully 12.16% of the housing stock is classified as vacant. Left unchecked, vacant Cold Spring homes and apartments can be a drag on the real estate market, holding Cold Spring 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.

Cold Spring Home Appreciation Rates

Cold Spring's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cold Spring during the period has been just 4.55%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Cold Spring's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Cold Spring's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New York, our data show that Cold Spring's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

Median Home Value

$666,388

Cold Spring, NY Home Prices
> $1,191,000
$893,001 - $1,191,000
$596,001 - $893,000
$476,001 - $596,000
$357,001 - $476,000
$238,001 - $357,000
$119,001 - $238,000
$60,001 - $119,000
$0 - $60,000
1.0%
1.0%
14.1%
14.1%
49.0%
49.0%
13.6%
13.6%
13.4%
13.4%
5.7%
5.7%
3.0%
3.0%
0.0%
0.0%
0.1%
0.1%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

845

Cold Spring Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,125 / per month

Homeownership Rate

Owners
Renters
63.7%
63.7%
36.3%
36.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.2%
12.2%
87.8%
87.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.2%
7.2%
26.8%
26.8%
21.8%
21.8%
44.2%
44.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.8%
53.8%
6.2%
6.2%
18.1%
18.1%
21.8%
21.8%
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
4.9%
4.9%
19.4%
19.4%
34.9%
34.9%
28.1%
28.1%
10.3%
10.3%
2.4%
2.4%
0% 100.0%
% of Homes