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.
With 7,070 people, 1,983 houses or apartments, and a median cost of homes of $360,663, real estate costs in New Paltz are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.
Large apartment complexes or high rise apartments are the single most common housing type in New Paltz, accounting for 54.01% of the village's housing units. Other types of housing that are prevalent in New Paltz include single-family detached homes ( 25.84%), duplexes, homes converted to apartments or other small apartment buildings ( 14.26%), and a few row houses and other attached homes ( 5.88%). Villages with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact villages that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
New Paltz is dominated by renter-occupied one, two, or no bedrooms apartments. 82.42% of New Paltz's dwellings are rentals.
There is a lot of housing in New Paltz built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in New Paltz built between 1940-1969 ( 30.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.09%). There's also some housing in New Paltz built before 1939 ( 15.05%).
Vacant housing appears to be an issue in New Paltz. Fully 12.99% of the housing stock is classified as vacant. Left unchecked, vacant New Paltz homes and apartments can be a drag on the real estate market, holding New Paltz 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.
New Paltz's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Paltz during the period has been just -0.94%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, New Paltz's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, New Paltz's appreciation rate has been -2.15%, which annualizes to a rate of -8.33%.
Notably, New Paltz's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that New Paltz's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
|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 New Paltz HOMES|
|2000 or Newer||19.1|
|1970 - 1999||35.7|
|1940 - 1969||30.1|
|1939 or Older||15.1|
|TYPE OF New Paltz HOMES|
|Small Apt. Buildings||14.3|
|SIZE OF New Paltz HOMES|
|5 or more bedrooms||4.04|