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 about Scout's Real Estate Data
With 8,323 people, 2,221 houses or apartments, and a median cost of homes of $444,691, New Paltz real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in New Paltz, accounting for 42.65% of the village's housing units. Other types of housing that are prevalent in New Paltz include single-family detached homes ( 27.15%), duplexes, homes converted to apartments or other small apartment buildings ( 26.94%), and a few row houses and other attached homes ( 3.26%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.
New Paltz is dominated by renter-occupied one, two, or no bedrooms apartments. 81.50% 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 before 1939 ( 23.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.66%). There's also some housing in New Paltz built between 1940-1969 ( 21.14%).
Real estate appreciation rates in New Paltz's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.68% during the period.
Over the last year, New Paltz appreciation rates have trailed the rest of the nation. In the last twelve months, New Paltz's appreciation rate has been 1.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Paltz were at 0.70%, which equates to an annual appreciation rate of 2.82%.
Relative to New York, our data show that New Paltz's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$444,691
for New york
for nation
2,221
$2,471 / per month