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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,787 people, 2,117 houses or apartments, and a median cost of homes of $96,588, house prices in Little Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Little Falls, accounting for 49.52% of the city's housing units. Other types of housing that are prevalent in Little Falls include duplexes, homes converted to apartments or other small apartment buildings ( 32.11%), large apartment complexes or high rise apartments ( 14.90%), and a few row houses and other attached homes ( 3.12%).
The most prevalent building size and type in Little Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.94% owning and 48.06% renting.
The housing in Little Falls was primarily built before 1939 ( 69.33%), making the housing stock in Little Falls some of the oldest overall in America, although there is a range of ages of homes in Little Falls. The next most important housing age is between 1940-1969 ( 16.41%), followed by between 1970-1999 ( 12.78%). There's also some housing in Little Falls built between 2000 and later ( 1.48%).
Vacant housing appears to be an issue in Little Falls. Fully 15.46% of the housing stock is classified as vacant. Left unchecked, vacant Little Falls homes and apartments can be a drag on the real estate market, holding Little 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.
In the last 10 years, Little Falls has experienced some of the highest home appreciation rates of any community in the nation. Little Falls real estate appreciated 15.57% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting Little Falls in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Little Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Little Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Little Falls's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little Falls were at -4.90%, which equates to an annual appreciation rate of -18.20%.
Notably, Little Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Little Falls's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
|$787,001 - $1,049,000||1.2|
|$525,001 - $787,000||0.0|
|$419,001 - $525,000||0.9|
|$315,001 - $419,000||0.8|
|$210,001 - $315,000||2.8|
|$105,001 - $210,000||28.4|
|$52,001 - $105,000||54.7|
|$0 - $52,000||11.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Little Falls HOMES|
|2000 or Newer||1.5|
|1970 - 1999||12.8|
|1940 - 1969||16.4|
|1939 or Older||69.3|
|TYPE OF Little Falls HOMES|
|Small Apt. Buildings||32.1|
|SIZE OF Little Falls HOMES|
|5 or more bedrooms||4.03|