Johnstown, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Johnstown Neighborhoods Since 2000




Johnstown, 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

Johnstown Housing Market Information

With 8,345 people, 3,801 houses or apartments, and a median cost of homes of $108,759, house prices in Johnstown are solidly below the national average.

Single-family detached homes are the single most common housing type in Johnstown, accounting for 54.52% of the city's housing units. Other types of housing that are prevalent in Johnstown include duplexes, homes converted to apartments or other small apartment buildings ( 32.70%), large apartment complexes or high rise apartments ( 10.73%), and a few mobile homes or trailers ( 1.31%).

The most prevalent building size and type in Johnstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.49% owning and 43.51% renting.

The housing in Johnstown was primarily built before 1939 ( 55.46%), making the housing stock in Johnstown some of the oldest overall in America, although there is a range of ages of homes in Johnstown. The next most important housing age is between 1940-1969 ( 25.39%), followed by between 1970-1999 ( 14.07%). There's also some housing in Johnstown built between 2000 and later ( 5.08%).

Johnstown Home Appreciation Rates

Johnstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Johnstown during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Johnstown appreciation rates have trailed the rest of the nation. In the last twelve months, Johnstown's appreciation rate has been -2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Johnstown were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$108,759

Johnstown, NY HOME PRICES

Value Range
> $959,000 0.6
$719,001 - $959,000 0.0
$479,001 - $719,000 2.1
$383,001 - $479,000 0.0
$288,001 - $383,000 1.4
$192,001 - $288,000 4.3
$96,001 - $192,000 41.3
$48,001 - $96,000 38.9
$0 - $48,000 11.4

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
72.1024258760108 77.8900112233446

Number Of Homes And Apartments:
3,801

Johnstown 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
32.17% 1.63% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 56.49
Renters 43.51
Vacant 5.85

Housing Market Details

 

Age of Homes

AGE OF Johnstown HOMES
2000 or Newer 5.1
1970 - 1999 14.1
1940 - 1969 25.4
1939 or Older 55.5

Types of Homes

TYPE OF Johnstown HOMES
Single-Family 54.5
Townhomes 0.7
Small Apt. Buildings 32.7
Apt. Complexes 10.7
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Johnstown HOMES
No Bedroom 1.19
1 Bedroom 9.51
2 Bedrooms 30.25
3 Bedrooms 42.58
4 Bedrooms 13.13
5 or more bedrooms 3.34

Popular Neighborhoods in Johnstown

Zip Codes in Johnstown, NY