Mechanicville, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mechanicville Neighborhoods Since 2000




Mechanicville, 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

Mechanicville Housing Market Information

With 5,169 people, 2,273 houses or apartments, and a median cost of homes of $157,209, Mechanicville 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 Mechanicville, accounting for 56.82% of the city's housing units. Other types of housing that are prevalent in Mechanicville include single-family detached homes ( 24.09%), large apartment complexes or high rise apartments ( 17.12%), and a few row houses and other attached homes ( 1.36%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Mechanicville primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Mechanicville has a mixture of owner-occupied and renter-occupied housing.

The housing in Mechanicville was primarily built before 1939 ( 57.98%), making the housing stock in Mechanicville some of the oldest overall in America, although there is a range of ages of homes in Mechanicville. The next most important housing age is between 1940-1969 ( 22.50%), followed by between 1970-1999 ( 17.74%). There's also some housing in Mechanicville built between 2000 and later ( 1.78%).

Vacant housing appears to be an issue in Mechanicville. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Mechanicville homes and apartments can be a drag on the real estate market, holding Mechanicville 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.

Mechanicville Home Appreciation Rates

Real estate appreciation rates in Mechanicville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.66% during the period.

Over the last year, Mechanicville appreciation rates have trailed the rest of the nation. In the last twelve months, Mechanicville's appreciation rate has been -0.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mechanicville were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Mechanicville's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$157,209

Mechanicville, NY HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 4.0
$508,001 - $763,000 0.0
$407,001 - $508,000 0.0
$305,001 - $407,000 0.0
$204,001 - $305,000 20.8
$102,001 - $204,000 52.0
$51,001 - $102,000 16.5
$0 - $51,000 6.8

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
46.953005976796 56.0044893378227

Number Of Homes And Apartments:
2,273

Mechanicville 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
50.72% 2.41% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Homeownership
Owners 39.07
Renters 60.93
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Mechanicville HOMES
2000 or Newer 1.8
1970 - 1999 17.7
1940 - 1969 22.5
1939 or Older 58.0

Types of Homes

TYPE OF Mechanicville HOMES
Single-Family 24.1
Townhomes 1.4
Small Apt. Buildings 56.8
Apt. Complexes 17.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Mechanicville HOMES
No Bedroom 2.59
1 Bedroom 17.78
2 Bedrooms 31.84
3 Bedrooms 34.55
4 Bedrooms 9.10
5 or more bedrooms 4.14