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 a population of 11,552, 4,485 total housing units (homes and apartments), and a median house value of $81,746, house prices in Fulton are some of the most affordable in New York as well as the nation.
Single-family detached homes are the single most common housing type in Fulton, accounting for 56.25% of the city's housing units. Other types of housing that are prevalent in Fulton include duplexes, homes converted to apartments or other small apartment buildings ( 28.14%), large apartment complexes or high rise apartments ( 14.24%), and a few row houses and other attached homes ( 1.18%).
The most prevalent building size and type in Fulton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.70% owning and 47.30% renting.
The housing in Fulton was primarily built before 1939 ( 49.42%), making the housing stock in Fulton some of the oldest overall in America, although there is a range of ages of homes in Fulton. The next most important housing age is between 1940-1969 ( 29.71%), followed by between 1970-1999 ( 20.14%).
Vacant housing appears to be an issue in Fulton. Fully 11.70% of the housing stock is classified as vacant. Left unchecked, vacant Fulton homes and apartments can be a drag on the real estate market, holding Fulton 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 Fulton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.11%, which ranks in the top 30% nationwide. This equates to an annual average Fulton house appreciation rate of 0.88%.
NeighborhoodScout's data show that during the latest twelve months, Fulton's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Fulton's appreciation rate has been -1.68%, which annualizes to a rate of -6.55%.
Notably, Fulton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Fulton's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fulton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fulton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fulton real estate investment or home purchase decisions.
|$831,001 - $1,107,000||0.0|
|$554,001 - $831,000||0.2|
|$443,001 - $554,000||0.2|
|$333,001 - $443,000||0.3|
|$222,001 - $333,000||0.9|
|$111,001 - $222,000||18.8|
|$55,001 - $111,000||62.9|
|$0 - $55,000||16.6|
|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 Fulton HOMES|
|2000 or Newer||0.7|
|1970 - 1999||20.1|
|1940 - 1969||29.7|
|1939 or Older||49.4|
|TYPE OF Fulton HOMES|
|Small Apt. Buildings||28.1|
|SIZE OF Fulton HOMES|
|5 or more bedrooms||1.73|