Plattsburgh, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Plattsburgh Neighborhoods Since 2000




Plattsburgh, 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

Plattsburgh Housing Market Information

With 19,806 people, 7,881 houses or apartments, and a median cost of homes of $136,189, house prices in Plattsburgh are solidly below the national average.

Single-family detached homes are the single most common housing type in Plattsburgh, accounting for 31.81% of the city's housing units. Other types of housing that are prevalent in Plattsburgh include large apartment complexes or high rise apartments ( 28.97%), duplexes, homes converted to apartments or other small apartment buildings ( 28.34%), and a few row houses and other attached homes ( 8.20%).

Plattsburgh is dominated by renter-occupied one, two, or no bedrooms apartments. 68.91% of Plattsburgh's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Plattsburgh's housing was primarily built during this period, from the '40s through the '60s. A full 33.78% of the city's housing hails from this era. Other housing ages represented in Plattsburgh include homes built between 1970-1999 ( 29.16%) and housing constructed before 1939 ( 28.48%). There's also some housing in Plattsburgh built between 2000 and later ( 8.57%).

Vacant housing appears to be an issue in Plattsburgh. Fully 12.07% of the housing stock is classified as vacant. Left unchecked, vacant Plattsburgh homes and apartments can be a drag on the real estate market, holding Plattsburgh 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.

Plattsburgh Home Appreciation Rates

Real estate appreciation rates in Plattsburgh's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

Over the last year, Plattsburgh appreciation rates have trailed the rest of the nation. In the last twelve months, Plattsburgh's appreciation rate has been -2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plattsburgh were at -0.56%, which equates to an annual appreciation rate of -2.23%.

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

Relative to New York, our data show that Plattsburgh's latest annual appreciation rate is lower 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 Plattsburgh differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plattsburgh - 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 Plattsburgh real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$136,189

Plattsburgh, NY HOME PRICES

Value Range
> $987,000 0.2
$740,001 - $987,000 0.7
$493,001 - $740,000 2.5
$395,001 - $493,000 1.0
$296,001 - $395,000 2.6
$197,001 - $296,000 9.1
$99,001 - $197,000 57.9
$49,001 - $99,000 20.6
$0 - $49,000 5.4

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
56.6389312082503 65.2076318742985

Number Of Homes And Apartments:
7,881

Plattsburgh 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
40.50% 1.99% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,017 / per month

Homeownership Rate

Homeownership
Owners 31.09
Renters 68.91
Vacant 12.07

Housing Market Details

 

Age of Homes

AGE OF Plattsburgh HOMES
2000 or Newer 8.6
1970 - 1999 29.2
1940 - 1969 33.8
1939 or Older 28.5

Types of Homes

TYPE OF Plattsburgh HOMES
Single-Family 31.8
Townhomes 8.2
Small Apt. Buildings 28.3
Apt. Complexes 29.0
Mobile Homes 2.5
Other 0.2

Home Size

SIZE OF Plattsburgh HOMES
No Bedroom 4.49
1 Bedroom 18.41
2 Bedrooms 32.68
3 Bedrooms 31.36
4 Bedrooms 10.38
5 or more bedrooms 2.69