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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 476 people, 211 houses or apartments, and a median cost of homes of $181,280, Fort Ann real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Fort Ann, accounting for 73.75% of the village's housing units. Other types of housing that are prevalent in Fort Ann include large apartment complexes or high rise apartments ( 13.33%), duplexes, homes converted to apartments or other small apartment buildings ( 7.92%), and a few row houses and other attached homes ( 3.33%).
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 66.82% of Fort Ann's homes, and 59.17% have either three or four bedrooms, which is average sized relative to America.
The housing in Fort Ann was primarily built before 1939 ( 57.92%), 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 ( 24.58%), followed by between 1940-1969 ( 12.08%). There's also some housing in Fort Ann built between 2000 and later ( 5.42%).
Vacant housing appears to be an issue in Fort Ann. Fully 12.08% 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.
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 1.40%, which ranks in the top 50% nationwide. This equates to an annual average Fort Ann house appreciation rate of 0.14%.
Appreciation rates are so strong in Fort Ann that despite a nationwide downturn in the housing market, Fort Ann real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Ann appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Ann. Fort Ann appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.14%.
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 higher than 80% of the other cities and towns in New York.
|$782,001 - $1,043,000||0.7|
|$522,001 - $782,000||3.9|
|$417,001 - $522,000||2.1|
|$313,001 - $417,000||8.8|
|$208,001 - $313,000||18.3|
|$104,001 - $208,000||43.2|
|$52,001 - $104,000||13.6|
|$0 - $52,000||4.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fort Ann HOMES|
|2000 or Newer||5.4|
|1970 - 1999||24.6|
|1940 - 1969||12.1|
|1939 or Older||57.9|
|TYPE OF Fort Ann HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Fort Ann HOMES|
|5 or more bedrooms||7.92|