Kingston, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Kingston Neighborhoods Since 2000




Kingston, 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

Kingston Housing Market Information

With 23,436 people, 9,719 houses or apartments, and a median cost of homes of $165,359, Kingston 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 Kingston, accounting for 43.63% 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 ( 30.69%), large apartment complexes or high rise apartments ( 22.21%), and a few row houses and other attached homes ( 3.44%).

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 ( 56.03%), 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 ( 25.44%), followed by between 1970-1999 ( 15.31%). There's also some housing in Kingston built between 2000 and later ( 3.22%).

Vacant housing appears to be an issue in Kingston. Fully 11.84% 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 19.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Kingston home appreciation rates at -2.15%, which equates to an annual appreciation rate of -8.33%.

Appreciation rates are so strong in Kingston that despite a nationwide downturn in the housing market, Kingston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kingston appreciation rates continue to be some of the highest in America, at 7.58%, which is higher than appreciation rates in 84.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kingston. Kingston appreciation rates in the latest quarter were at -2.15%, which equates to an annual appreciation rate of -8.33%.

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

Relative to New York, our data show that Kingston'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 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:
$165,359

Kingston, NY HOME PRICES

Value Range
> $1,033,000 1.2
$774,001 - $1,033,000 0.0
$516,001 - $774,000 1.1
$413,001 - $516,000 0.4
$310,001 - $413,000 5.8
$206,001 - $310,000 20.4
$103,001 - $206,000 60.4
$52,001 - $103,000 8.1
$0 - $52,000 2.6

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
43.4899800773468 53.31088664422

Number Of Homes And Apartments:
9,719

Kingston 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
52.15% 2.46% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,259 / per month

Homeownership Rate

Homeownership
Owners 42.96
Renters 57.04
Vacant 11.84

Housing Market Details

 

Age of Homes

AGE OF Kingston HOMES
2000 or Newer 3.2
1970 - 1999 15.3
1940 - 1969 25.4
1939 or Older 56.0

Types of Homes

TYPE OF Kingston HOMES
Single-Family 43.6
Townhomes 3.4
Small Apt. Buildings 30.7
Apt. Complexes 22.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kingston HOMES
No Bedroom 5.52
1 Bedroom 21.23
2 Bedrooms 30.22
3 Bedrooms 30.78
4 Bedrooms 8.67
5 or more bedrooms 3.58