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 a population of 9,688, 2,374 total housing units (homes and apartments), and a median house value of $121,122, house prices in Potsdam are solidly below the national average.
Single-family detached homes are the single most common housing type in Potsdam, accounting for 42.37% of the village's housing units. Other types of housing that are prevalent in Potsdam include large apartment complexes or high rise apartments ( 31.72%), duplexes, homes converted to apartments or other small apartment buildings ( 22.86%), and a few row houses and other attached homes ( 1.83%).
Potsdam is dominated by renter-occupied one, two, or no bedrooms apartments. 80.62% of Potsdam's dwellings are rentals.
The housing in Potsdam was primarily built before 1939 ( 36.68%), making the housing stock in Potsdam some of the oldest overall in America, although there is a range of ages of homes in Potsdam. The next most important housing age is between 1970-1999 ( 33.32%), followed by between 1940-1969 ( 26.72%). There's also some housing in Potsdam built between 2000 and later ( 3.28%).
In the last 10 years, Potsdam has experienced some of the highest home appreciation rates of any community in the nation. Potsdam real estate appreciated 18.17% over the last ten years, which is an average annual home appreciation rate of 1.68%, putting Potsdam in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Potsdam definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Potsdam's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Potsdam's appreciation rate has been -0.56%, which annualizes to a rate of -2.23%.
Notably, Potsdam's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Potsdam's latest annual appreciation rate is higher than 70% 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 village. Individual neighborhoods within Potsdam differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Potsdam - 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 Potsdam real estate investment or home purchase decisions.
|$811,001 - $1,082,000||0.5|
|$541,001 - $811,000||3.3|
|$433,001 - $541,000||2.4|
|$324,001 - $433,000||2.0|
|$217,001 - $324,000||8.5|
|$108,001 - $217,000||37.5|
|$54,001 - $108,000||32.2|
|$0 - $54,000||13.0|
|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 Potsdam HOMES|
|2000 or Newer||3.3|
|1970 - 1999||33.3|
|1940 - 1969||26.7|
|1939 or Older||36.7|
|TYPE OF Potsdam HOMES|
|Small Apt. Buildings||22.9|
|SIZE OF Potsdam HOMES|
|5 or more bedrooms||6.15|