Hoosick Falls, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hoosick 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

Hoosick Falls Housing Market Information

With 3,432 people, 1,358 houses or apartments, and a median cost of homes of $117,990, house prices in Hoosick Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Hoosick Falls, accounting for 57.74% of the village's housing units. Other types of housing that are prevalent in Hoosick Falls include duplexes, homes converted to apartments or other small apartment buildings ( 31.22%), large apartment complexes or high rise apartments ( 8.82%), and a few mobile homes or trailers ( 1.90%).

The most prevalent building size and type in Hoosick Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 60.66% owning and 39.34% renting.

The housing in Hoosick Falls was primarily built before 1939 ( 57.61%), making the housing stock in Hoosick Falls some of the oldest overall in America, although there is a range of ages of homes in Hoosick Falls. The next most important housing age is between 1940-1969 ( 23.48%), followed by between 1970-1999 ( 16.62%). There's also some housing in Hoosick Falls built between 2000 and later ( 2.28%).

Vacant housing appears to be an issue in Hoosick Falls. Fully 13.83% of the housing stock is classified as vacant. Left unchecked, vacant Hoosick Falls homes and apartments can be a drag on the real estate market, holding Hoosick 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.

Hoosick Falls Home Appreciation Rates

Homes have actually lost value in Hoosick Falls over the last then years, as home values have seen a decline of 20.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hoosick Falls home appreciation rates at 0.82%, which equates to an annual appreciation rate of 3.32%.

Over the last year, Hoosick Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Hoosick Falls's appreciation rate has been -1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hoosick Falls were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Hoosick Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$117,990

Hoosick 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
27.33% 1.41% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 60.66
Renters 39.34
Vacant 13.83

Housing Market Details

 

Age of Homes

AGE OF Hoosick Falls HOMES
2000 or Newer 2.3
1970 - 1999 16.6
1940 - 1969 23.5
1939 or Older 57.6

Types of Homes

TYPE OF Hoosick Falls HOMES
Single-Family 57.7
Townhomes 0.3
Small Apt. Buildings 31.2
Apt. Complexes 8.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Hoosick Falls HOMES
No Bedroom 2.54
1 Bedroom 15.42
2 Bedrooms 27.54
3 Bedrooms 36.29
4 Bedrooms 14.02
5 or more bedrooms 4.19

Popular Neighborhoods in Hoosick Falls

Zip Codes in Hoosick Falls, NY