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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 1,947, 834 total housing units (homes and apartments), and a median house value of $561,825, 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 46.88% 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 ( 23.03%), large apartment complexes or high rise apartments ( 16.99%), and a few row houses and other attached homes ( 11.67%).

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 ( 49.23%), 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 ( 27.94%), followed by between 1940-1969 ( 18.32%). There's also some housing in Cold Spring built between 2000 and later ( 4.50%).

Vacant housing appears to be an issue in Cold Spring. Fully 14.64% 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

Real estate appreciation rates in Cold Spring's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.18% during the period.

Over the last year, Cold Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Cold Spring's appreciation rate has been 7.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cold Spring were at 3.14%, which equates to an annual appreciation rate of 13.15%.

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:
$561,825

Cold Spring Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
107.55% 3.45%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,595 / per month

Homeownership Rate

Owners
61.9%
61.9%
Renters
38.1%
38.1%
Vacant
14.6%
14.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.5%
4.5%
1970 - 1999
27.9%
27.9%
1940 - 1969
18.3%
18.3%
1939 or Older
49.2%
49.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.9%
46.9%
Townhomes
11.7%
11.7%
Small Apt. Buildings
23.0%
23.0%
Apt. Complexes
17.0%
17.0%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
25.3%
25.3%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
28.6%
28.6%
4 Bedrooms
10.0%
10.0%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES