Glens Falls, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glens Falls Neighborhoods Since 2000




Glens Falls, 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

Glens Falls Housing Market Information

With a population of 14,291, 6,443 total housing units (homes and apartments), and a median house value of $150,584, Glens Falls 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 Glens Falls, accounting for 48.71% of the city's housing units. Other types of housing that are prevalent in Glens Falls include duplexes, homes converted to apartments or other small apartment buildings ( 33.30%), large apartment complexes or high rise apartments ( 16.72%).

People in Glens Falls primarily live in small (one, two or no bedroom) single-family detached homes. Glens Falls has a mixture of owner-occupied and renter-occupied housing.

The housing in Glens Falls was primarily built before 1939 ( 56.25%), making the housing stock in Glens Falls some of the oldest overall in America, although there is a range of ages of homes in Glens Falls. The next most important housing age is between 1940-1969 ( 26.47%), followed by between 1970-1999 ( 10.58%). There's also some housing in Glens Falls built between 2000 and later ( 6.70%).

Vacant housing appears to be an issue in Glens Falls. Fully 10.43% of the housing stock is classified as vacant. Left unchecked, vacant Glens Falls homes and apartments can be a drag on the real estate market, holding Glens Falls 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.

Glens Falls Home Appreciation Rates

Real estate appreciation rates in Glens Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

Appreciation rates are so strong in Glens Falls that despite a nationwide downturn in the housing market, Glens Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glens Falls appreciation rates continue to be some of the highest in America, at 7.60%, which is higher than appreciation rates in 84.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glens Falls. Glens Falls appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.14%.

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

Relative to New York, our data show that Glens Falls's latest annual appreciation rate is higher than 90% 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 Glens Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glens Falls - 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 Glens Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$150,584

Glens Falls, NY HOME PRICES

Value Range
> $1,061,000 0.3
$796,001 - $1,061,000 0.0
$530,001 - $796,000 0.8
$424,001 - $530,000 0.7
$319,001 - $424,000 3.5
$212,001 - $319,000 12.8
$106,001 - $212,000 63.1
$53,001 - $106,000 14.2
$0 - $53,000 4.7

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
49.6894409937888 60.0448933782267

Number Of Homes And Apartments:
6,443

Glens Falls 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
84.19% 3.60% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$953 / per month

Homeownership Rate

Homeownership
Owners 49.57
Renters 50.43
Vacant 10.43

Housing Market Details

 

Age of Homes

AGE OF Glens Falls HOMES
2000 or Newer 6.7
1970 - 1999 10.6
1940 - 1969 26.5
1939 or Older 56.2

Types of Homes

TYPE OF Glens Falls HOMES
Single-Family 48.7
Townhomes 0.8
Small Apt. Buildings 33.3
Apt. Complexes 16.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Glens Falls HOMES
No Bedroom 2.21
1 Bedroom 18.92
2 Bedrooms 29.96
3 Bedrooms 32.28
4 Bedrooms 14.19
5 or more bedrooms 2.43