Hudson, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hudson Neighborhoods Since 2000




Hudson, 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

Hudson Housing Market Information

With 6,436 people, 2,787 houses or apartments, and a median cost of homes of $168,654, Hudson real estate and house prices are near the national average for all cities and towns.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Hudson, accounting for 46.42% of the city's housing units. Other types of housing that are prevalent in Hudson include single-family detached homes ( 24.53%), large apartment complexes or high rise apartments ( 22.03%), and a few row houses and other attached homes ( 6.74%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Hudson is dominated by renter-occupied one, two, or no bedrooms apartments. 69.38% of Hudson's dwellings are rentals.

The housing in Hudson was primarily built before 1939 ( 62.49%), making the housing stock in Hudson some of the oldest overall in America, although there is a range of ages of homes in Hudson. The next most important housing age is between 1970-1999 ( 18.45%), followed by between 1940-1969 ( 15.14%). There's also some housing in Hudson built between 2000 and later ( 3.91%).

Vacant housing appears to be an issue in Hudson. Fully 16.10% of the housing stock is classified as vacant. Left unchecked, vacant Hudson homes and apartments can be a drag on the real estate market, holding Hudson 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.

Hudson Home Appreciation Rates

Real estate appreciation rates in Hudson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Over the last year, Hudson appreciation rates have trailed the rest of the nation. In the last twelve months, Hudson's appreciation rate has been -0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hudson were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Hudson's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Hudson's latest annual appreciation rate is lower than 80% 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 Hudson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hudson - 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 Hudson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$168,654

Hudson, NY HOME PRICES

Value Range
> $1,072,000 1.0
$804,001 - $1,072,000 4.5
$536,001 - $804,000 2.3
$429,001 - $536,000 4.3
$322,001 - $429,000 12.3
$214,001 - $322,000 11.7
$107,001 - $214,000 47.9
$54,001 - $107,000 15.5
$0 - $54,000 0.5

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
42.0953943513418 52.0763187429854

Number Of Homes And Apartments:
2,787

Hudson 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
69.72% 3.11% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 30.62
Renters 69.38
Vacant 16.10

Housing Market Details

 

Age of Homes

AGE OF Hudson HOMES
2000 or Newer 3.9
1970 - 1999 18.5
1940 - 1969 15.1
1939 or Older 62.5

Types of Homes

TYPE OF Hudson HOMES
Single-Family 24.5
Townhomes 6.7
Small Apt. Buildings 46.4
Apt. Complexes 22.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Hudson HOMES
No Bedroom 5.39
1 Bedroom 24.29
2 Bedrooms 34.32
3 Bedrooms 26.37
4 Bedrooms 6.56
5 or more bedrooms 3.07