Poughkeepsie, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Poughkeepsie Neighborhoods Since 2000




Poughkeepsie, 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

Poughkeepsie Housing Market Information

With a population of 30,371, 12,229 total housing units (homes and apartments), and a median house value of $171,282, Poughkeepsie real estate and house prices are near the national average for all cities and towns.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Poughkeepsie, accounting for 38.79% of the city's housing units. Other types of housing that are prevalent in Poughkeepsie include large apartment complexes or high rise apartments ( 29.10%), single-family detached homes ( 27.77%), and a few row houses and other attached homes ( 4.03%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Poughkeepsie primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Poughkeepsie has a mixture of owner-occupied and renter-occupied housing.

The housing in Poughkeepsie was primarily built before 1939 ( 40.53%), making the housing stock in Poughkeepsie some of the oldest overall in America, although there is a range of ages of homes in Poughkeepsie. The next most important housing age is between 1940-1969 ( 30.75%), followed by between 1970-1999 ( 23.08%). There's also some housing in Poughkeepsie built between 2000 and later ( 5.64%).

Vacant housing appears to be an issue in Poughkeepsie. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Poughkeepsie homes and apartments can be a drag on the real estate market, holding Poughkeepsie 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.

Poughkeepsie Home Appreciation Rates

Homes have actually lost value in Poughkeepsie over the last then years, as home values have seen a decline of 31.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Poughkeepsie home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Poughkeepsie appreciation rates have trailed the rest of the nation. In the last twelve months, Poughkeepsie's appreciation rate has been -0.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Poughkeepsie were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Poughkeepsie's latest annual appreciation rate is lower than 80% 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 Poughkeepsie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Poughkeepsie - 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 Poughkeepsie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,282

Poughkeepsie, NY HOME PRICES

Value Range
> $991,000 0.1
$743,001 - $991,000 0.3
$495,001 - $743,000 0.9
$397,001 - $495,000 4.0
$297,001 - $397,000 7.9
$198,001 - $297,000 25.7
$99,001 - $198,000 47.9
$49,001 - $99,000 8.9
$0 - $49,000 4.4

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
41.1871557482714 51.5151515151515

Number Of Homes And Apartments:
12,229

Poughkeepsie 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
37.75% 1.87% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,485 / per month

Homeownership Rate

Homeownership
Owners 35.11
Renters 64.89
Vacant 12.31

Housing Market Details

 

Age of Homes

AGE OF Poughkeepsie HOMES
2000 or Newer 5.6
1970 - 1999 23.1
1940 - 1969 30.7
1939 or Older 40.5

Types of Homes

TYPE OF Poughkeepsie HOMES
Single-Family 27.8
Townhomes 4.0
Small Apt. Buildings 38.8
Apt. Complexes 29.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Poughkeepsie HOMES
No Bedroom 12.76
1 Bedroom 19.69
2 Bedrooms 29.77
3 Bedrooms 29.09
4 Bedrooms 7.14
5 or more bedrooms 1.56