Colonie, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Colonie Neighborhoods Since 2000




Colonie, 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

Colonie Housing Market Information

With a population of 7,906, 3,153 total housing units (homes and apartments), and a median house value of $209,802, 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 78.06% of the village's housing units. Other types of housing that are prevalent in Colonie include duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), large apartment complexes or high rise apartments ( 9.16%), and a few row houses and other attached homes ( 1.78%).

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 76.92% of Colonie's homes, and 60.79% 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 60.25% of the village's housing hails from this era. Other housing ages represented in Colonie include homes built between 1970-1999 ( 26.34%) and housing constructed before 1939 ( 7.41%). There's also some housing in Colonie built between 2000 and later ( 6.00%).

Colonie Home Appreciation Rates

Appreciation rates for homes in Colonie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.92%, which ranks in the top 50% nationwide. This equates to an annual average Colonie house appreciation rate of 0.09%.

NeighborhoodScout's data show that during the latest twelve months, Colonie's appreciation rate, at 3.46%, has been at or slightly above the national average. In the latest quarter, Colonie's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.

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:
$209,802

Colonie, NY HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 0.0
$527,001 - $789,000 0.4
$421,001 - $527,000 1.1
$316,001 - $421,000 5.0
$210,001 - $316,000 41.4
$105,001 - $210,000 45.0
$53,001 - $105,000 1.0
$0 - $53,000 6.0

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
29.9425758818704 42.8731762065095

Number Of Homes And Apartments:
3,153

Colonie 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
78.24% 3.41% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,464 / per month

Homeownership Rate

Homeownership
Owners 76.92
Renters 23.08
Vacant 4.97

Housing Market Details

 

Age of Homes

AGE OF Colonie HOMES
2000 or Newer 6.0
1970 - 1999 26.3
1940 - 1969 60.2
1939 or Older 7.4

Types of Homes

TYPE OF Colonie HOMES
Single-Family 78.1
Townhomes 1.8
Small Apt. Buildings 9.9
Apt. Complexes 9.2
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Colonie HOMES
No Bedroom 0.00
1 Bedroom 4.25
2 Bedrooms 31.37
3 Bedrooms 38.22
4 Bedrooms 22.57
5 or more bedrooms 3.59