Colonie, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Colonie, NY Real Estate Data


Colonie Housing Market Information

With a population of 7,906, 3,254 total housing units (homes and apartments), and a median house value of $205,013, Colonie real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Colonie, accounting for 77.56% of the village's housing units. Other types of housing that are prevalent in Colonie include large apartment complexes or high rise apartments ( 11.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.11%), and a few row houses and other attached homes ( 1.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Colonie. Owner-occupied housing accounts for 76.16% of Colonie's homes, and 62.65% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Colonie's housing was primarily built during this period, from the '40s through the '60s. A full 62.30% of the village's housing hails from this era. Other housing ages represented in Colonie include homes built between 1970-1999 ( 22.91%) and housing constructed before 1939 ( 7.59%). There's also some housing in Colonie built between 2000 and later ( 7.21%).

Colonie Home Appreciation Rates

Real estate appreciation rates in Colonie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.16% during the period.

Over the last year, Colonie appreciation rates have trailed the rest of the nation. In the last twelve months, Colonie's appreciation rate has been 3.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Colonie were at 1.15%, which equates to an annual appreciation rate of 4.70%.

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

Average Home Values

 

Median Home Value:
$205,013

Colonie, NY HOME PRICES

Value Range
> $1,023,000 0.0
$767,001 - $1,023,000 0.0
$512,001 - $767,000 0.9
$409,001 - $512,000 1.4
$307,001 - $409,000 4.1
$205,001 - $307,000 43.5
$102,001 - $205,000 42.7
$51,001 - $102,000 1.0
$0 - $51,000 6.4

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
31.8088657258301 43.8832772166106

Number Of Homes And Apartments:
3,254

Rent & Ownership

 

Average Market Rent:
$1,326 / per month

Homeownership Rate

Homeownership
Owners 76.16
Renters 23.84
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF Colonie HOMES
2000 or Newer 7.2
1970 - 1999 22.9
1940 - 1969 62.3
1939 or Older 7.6

Types of Homes

TYPE OF Colonie HOMES
Single-Family 77.6
Townhomes 1.8
Small Apt. Buildings 8.1
Apt. Complexes 11.5
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Colonie HOMES
No Bedroom 0.00
1 Bedroom 4.95
2 Bedrooms 29.53
3 Bedrooms 40.63
4 Bedrooms 22.03
5 or more bedrooms 2.87

Colonie 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
75.46% 3.36% 8 9
* 10 is highest

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Zip Codes in Colonie, NY