Cold Spring, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cold Spring Neighborhoods Since 2000




Cold Spring, 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

Cold Spring Housing Market Information

With 1,964 people, 817 houses or apartments, and a median cost of homes of $413,205, real estate costs in Cold Spring are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Cold Spring, accounting for 50.49% of the village's housing units. Other types of housing that are prevalent in Cold Spring include duplexes, homes converted to apartments or other small apartment buildings ( 20.37%), large apartment complexes or high rise apartments ( 18.70%), and a few row houses and other attached homes ( 10.43%).

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 ( 49.02%), 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 ( 27.36%), followed by between 1940-1969 ( 18.31%). There's also some housing in Cold Spring built between 2000 and later ( 5.31%).

Vacant housing appears to be an issue in Cold Spring. Fully 19.59% 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 -0.87%, which is lower than 70% of US communities.

Appreciation rates are so strong in Cold Spring that despite a nationwide downturn in the housing market, Cold Spring real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cold Spring appreciation rates continue to be some of the highest in America, at 5.58%, which is higher than appreciation rates in 70.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cold Spring. Cold Spring appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$413,205

Cold Spring, NY HOME PRICES

Value Range
> $1,113,000 2.4
$835,001 - $1,113,000 5.3
$557,001 - $835,000 15.8
$446,001 - $557,000 16.8
$334,001 - $446,000 33.5
$223,001 - $334,000 19.5
$111,001 - $223,000 5.5
$56,001 - $111,000 0.8
$0 - $56,000 0.2

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
8.83628266729169 22.5589225589226

Number Of Homes And Apartments:
817

Cold Spring 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
68.97% 3.09% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,885 / per month

Homeownership Rate

Homeownership
Owners 59.98
Renters 40.02
Vacant 19.59

Housing Market Details

 

Age of Homes

AGE OF Cold Spring HOMES
2000 or Newer 5.3
1970 - 1999 27.4
1940 - 1969 18.3
1939 or Older 49.0

Types of Homes

TYPE OF Cold Spring HOMES
Single-Family 50.5
Townhomes 10.4
Small Apt. Buildings 20.4
Apt. Complexes 18.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cold Spring HOMES
No Bedroom 0.98
1 Bedroom 28.25
2 Bedrooms 26.97
3 Bedrooms 31.20
4 Bedrooms 9.84
5 or more bedrooms 2.76