Potsdam, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Potsdam Neighborhoods Since 2000




Potsdam, NY Real Estate Data


Potsdam Housing Market Information

With a population of 9,688, 2,425 total housing units (homes and apartments), and a median house value of $138,668, 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 37.90% of the village's housing units. Other types of housing that are prevalent in Potsdam include large apartment complexes or high rise apartments ( 33.71%), duplexes, homes converted to apartments or other small apartment buildings ( 24.38%), and a few row houses and other attached homes ( 2.40%).

Potsdam is dominated by renter-occupied one, two, or no bedrooms apartments. 84.10% of Potsdam's dwellings are rentals.

The housing in Potsdam was primarily built before 1939 ( 35.62%), 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 ( 33.75%), followed by between 1940-1969 ( 29.49%). There's also some housing in Potsdam built between 2000 and later ( 1.14%).

Potsdam Home Appreciation Rates

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 24.80% over the last ten years, which is an average annual home appreciation rate of 2.24%, 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.

Over the last year, Potsdam appreciation rates have trailed the rest of the nation. In the last twelve months, Potsdam's appreciation rate has been 2.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potsdam were at 0.41%, which equates to an annual appreciation rate of 1.66%.

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 lower 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.

Average Home Values

 

Median Home Value:
$138,668

Potsdam, NY HOME PRICES

Value Range
> $1,099,000 0.3
$824,001 - $1,099,000 0.0
$549,001 - $824,000 2.5
$440,001 - $549,000 5.0
$330,001 - $440,000 1.8
$220,001 - $330,000 5.3
$110,001 - $220,000 42.4
$55,001 - $110,000 32.8
$0 - $55,000 9.9

Low for NY
Average for Nation

Value Relative to Nation Value Relative to State
56.4326286818528 64.4219977553311

Number Of Homes And Apartments:
2,425

Rent & Ownership

 

Average Market Rent:
$941 / per month

Homeownership Rate

Homeownership
Owners 15.90
Renters 84.10
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF Potsdam HOMES
2000 or Newer 1.1
1970 - 1999 33.8
1940 - 1969 29.5
1939 or Older 35.6

Types of Homes

TYPE OF Potsdam HOMES
Single-Family 37.9
Townhomes 2.4
Small Apt. Buildings 24.4
Apt. Complexes 33.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Potsdam HOMES
No Bedroom 6.93
1 Bedroom 33.22
2 Bedrooms 25.07
3 Bedrooms 19.47
4 Bedrooms 10.93
5 or more bedrooms 4.38

Potsdam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.38% 3.04% 7 8
* 10 is highest