Cold Spring, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cold Spring, NY Real Estate Data


Cold Spring Housing Market Information

With a population of 1,964, 891 total housing units (homes and apartments), and a median house value of $406,637, 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 48.31% of the village's housing units. Other types of housing that are prevalent in Cold Spring include large apartment complexes or high rise apartments ( 26.04%), duplexes, homes converted to apartments or other small apartment buildings ( 16.40%), and a few row houses and other attached homes ( 9.24%).

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 ( 45.73%), 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 ( 29.72%), followed by between 1940-1969 ( 18.59%). There's also some housing in Cold Spring built between 2000 and later ( 5.96%).

Vacant housing appears to be an issue in Cold Spring. Fully 11.43% 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 -1.56%, which is lower than 80% of US communities.

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 3.75%, 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 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to New York, our data show that Cold Spring's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$406,637

Cold Spring, NY HOME PRICES

Value Range
> $1,090,000 2.0
$818,001 - $1,090,000 4.8
$545,001 - $818,000 18.7
$436,001 - $545,000 16.6
$327,001 - $436,000 29.6
$218,001 - $327,000 23.5
$109,001 - $218,000 3.2
$55,001 - $109,000 0.6
$0 - $55,000 1.0

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
9.41617380101891 22.6711560044893

Number Of Homes And Apartments:
891

Rent & Ownership

 

Average Market Rent:
$1,545 / per month

Homeownership Rate

Homeownership
Owners 58.25
Renters 41.75
Vacant 11.43

Housing Market Details

 

Age of Homes

AGE OF Cold Spring HOMES
2000 or Newer 6.0
1970 - 1999 29.7
1940 - 1969 18.6
1939 or Older 45.7

Types of Homes

TYPE OF Cold Spring HOMES
Single-Family 48.3
Townhomes 9.2
Small Apt. Buildings 16.4
Apt. Complexes 26.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cold Spring HOMES
No Bedroom 1.19
1 Bedroom 27.04
2 Bedrooms 31.81
3 Bedrooms 26.54
4 Bedrooms 10.83
5 or more bedrooms 2.58

Cold Spring Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
62.29% 2.89% 6 8
* 10 is highest