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 824, 337 total housing units (homes and apartments), and a median house value of $296,152, Germantown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Germantown, accounting for 75.32% of the town's housing units. Other types of housing that are prevalent in Germantown include duplexes, homes converted to apartments or other small apartment buildings ( 14.65%), large apartment complexes or high rise apartments ( 5.14%), and a few row houses and other attached homes ( 3.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 73.03% of Germantown's homes, and 69.67% have either three or four bedrooms, which is average sized relative to America.
The housing in Germantown was primarily built before 1939 ( 53.73%), making the housing stock in Germantown some of the oldest overall in America, although there is a range of ages of homes in Germantown. The next most important housing age is between 1940-1969 ( 28.02%), followed by between 1970-1999 ( 14.91%). There's also some housing in Germantown built between 2000 and later ( 3.34%).
Vacant housing appears to be an issue in Germantown. Fully 13.37% of the housing stock is classified as vacant. Left unchecked, vacant Germantown homes and apartments can be a drag on the real estate market, holding Germantown 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 Germantown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.48%, which ranks in the top 50% nationwide. This equates to an annual average Germantown house appreciation rate of 0.25%.
Appreciation rates are so strong in Germantown that despite a nationwide downturn in the housing market, Germantown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Germantown appreciation rates continue to be some of the highest in America, at 15.58%, which is higher than appreciation rates in 99.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Germantown. Germantown appreciation rates in the latest quarter were at -0.56%, which equates to an annual appreciation rate of -2.23%.
Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Germantown's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
|$863,001 - $1,150,000||2.3|
|$575,001 - $863,000||13.0|
|$460,001 - $575,000||4.4|
|$345,001 - $460,000||13.2|
|$230,001 - $345,000||34.9|
|$115,001 - $230,000||21.3|
|$58,001 - $115,000||4.2|
|$0 - $58,000||1.6|
|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 Germantown HOMES|
|2000 or Newer||3.3|
|1970 - 1999||14.9|
|1940 - 1969||28.0|
|1939 or Older||53.7|
|TYPE OF Germantown HOMES|
|Small Apt. Buildings||14.7|
|SIZE OF Germantown HOMES|
|5 or more bedrooms||1.54|