Kingston, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kingston, NY Real Estate Data


Kingston Housing Market Information

With a population of 23,436, 9,834 total housing units (homes and apartments), and a median house value of $180,803, Kingston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kingston, accounting for 42.73% of the city's housing units. Other types of housing that are prevalent in Kingston include duplexes, homes converted to apartments or other small apartment buildings ( 31.14%), large apartment complexes or high rise apartments ( 21.73%), and a few row houses and other attached homes ( 4.28%).

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

The housing in Kingston was primarily built before 1939 ( 55.21%), making the housing stock in Kingston some of the oldest overall in America, although there is a range of ages of homes in Kingston. The next most important housing age is between 1940-1969 ( 26.12%), followed by between 1970-1999 ( 15.71%). There's also some housing in Kingston built between 2000 and later ( 2.96%).

Vacant housing appears to be an issue in Kingston. Fully 11.56% of the housing stock is classified as vacant. Left unchecked, vacant Kingston homes and apartments can be a drag on the real estate market, holding Kingston 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.

Kingston Home Appreciation Rates

Homes have actually lost value in Kingston over the last then years, as home values have seen a decline of 21.23% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Kingston home appreciation rates at 3.22%, which equates to an annual appreciation rate of 13.52%.

Over the last year, Kingston appreciation rates have trailed the rest of the nation. In the last twelve months, Kingston's appreciation rate has been -0.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kingston were at 3.22%, which equates to an annual appreciation rate of 13.52%.

Importantly, this makes Kingston 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 Kingston's latest annual appreciation rate is lower 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 Kingston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kingston - 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 Kingston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$180,803

Kingston, NY HOME PRICES

Value Range
> $998,000 0.9
$748,001 - $998,000 0.0
$499,001 - $748,000 2.0
$399,001 - $499,000 0.9
$299,001 - $399,000 4.6
$199,001 - $299,000 25.5
$100,001 - $199,000 56.7
$50,001 - $100,000 6.5
$0 - $50,000 2.8

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
39.0583826198981 48.9337822671156

Number Of Homes And Apartments:
9,834

Rent & Ownership

 

Average Market Rent:
$1,152 / per month

Homeownership Rate

Homeownership
Owners 43.02
Renters 56.98
Vacant 11.56

Housing Market Details

 

Age of Homes

AGE OF Kingston HOMES
2000 or Newer 3.0
1970 - 1999 15.7
1940 - 1969 26.1
1939 or Older 55.2

Types of Homes

TYPE OF Kingston HOMES
Single-Family 42.7
Townhomes 4.3
Small Apt. Buildings 31.1
Apt. Complexes 21.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Kingston HOMES
No Bedroom 5.73
1 Bedroom 22.26
2 Bedrooms 29.77
3 Bedrooms 30.84
4 Bedrooms 8.14
5 or more bedrooms 3.27

Kingston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.59% 2.36% 4 6
* 10 is highest