Fort Ann, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Ann, NY Real Estate Data


Fort Ann Housing Market Information

With a population of 476, 195 total housing units (homes and apartments), and a median house value of $172,469, Fort Ann real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fort Ann, accounting for 74.24% of the village's housing units. Other types of housing that are prevalent in Fort Ann include large apartment complexes or high rise apartments ( 12.23%), duplexes, homes converted to apartments or other small apartment buildings ( 7.86%), and a few row houses and other attached homes ( 3.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Ann. Owner-occupied housing accounts for 73.33% of Fort Ann's homes, and 59.39% have either three or four bedrooms, which is average sized relative to America.

The housing in Fort Ann was primarily built before 1939 ( 61.57%), making the housing stock in Fort Ann some of the oldest overall in America, although there is a range of ages of homes in Fort Ann. The next most important housing age is between 1970-1999 ( 19.65%), followed by between 1940-1969 ( 14.85%). There's also some housing in Fort Ann built between 2000 and later ( 3.93%).

Vacant housing appears to be an issue in Fort Ann. Fully 14.85% of the housing stock is classified as vacant. Left unchecked, vacant Fort Ann homes and apartments can be a drag on the real estate market, holding Fort Ann 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.

Fort Ann Home Appreciation Rates

Appreciation rates for homes in Fort Ann have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.72%, which ranks in the top 50% nationwide. This equates to an annual average Fort Ann house appreciation rate of 0.37%.

Over the last year, Fort Ann appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Ann's appreciation rate has been 0.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Ann were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Fort Ann one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$172,469

Fort Ann, NY HOME PRICES

Value Range
> $1,052,000 2.1
$789,001 - $1,052,000 0.7
$526,001 - $789,000 0.0
$421,001 - $526,000 1.1
$316,001 - $421,000 11.0
$210,001 - $316,000 18.8
$105,001 - $210,000 44.0
$53,001 - $105,000 15.4
$0 - $53,000 6.8

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
41.7871991567606 51.290684624018

Number Of Homes And Apartments:
195

Rent & Ownership

 

Average Market Rent:
$1,116 / per month

Homeownership Rate

Homeownership
Owners 73.33
Renters 26.67
Vacant 14.85

Housing Market Details

 

Age of Homes

AGE OF Fort Ann HOMES
2000 or Newer 3.9
1970 - 1999 19.7
1940 - 1969 14.8
1939 or Older 61.6

Types of Homes

TYPE OF Fort Ann HOMES
Single-Family 74.2
Townhomes 3.9
Small Apt. Buildings 7.9
Apt. Complexes 12.2
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Fort Ann HOMES
No Bedroom 2.18
1 Bedroom 7.42
2 Bedrooms 24.02
3 Bedrooms 43.23
4 Bedrooms 16.16
5 or more bedrooms 6.99

Fort Ann 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
74.11% 3.32% 8 9
* 10 is highest