Poughkeepsie, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Poughkeepsie Neighborhoods Since 2000




Poughkeepsie, NY Real Estate Data


Poughkeepsie Housing Market Information

With 30,371 people, 12,229 houses or apartments, and a median cost of homes of $169,666, 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%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 32.30% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Poughkeepsie home appreciation rates at -1.14%, which equates to an annual appreciation rate of -4.47%.

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 -2.87%, 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 -1.14%, which equates to an annual appreciation rate of -4.47%.

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

Relative to New York, our data show that Poughkeepsie'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 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:
$169,666

Poughkeepsie, NY HOME PRICES

Value Range
> $983,000 0.1
$737,001 - $983,000 0.3
$491,001 - $737,000 0.9
$393,001 - $491,000 4.0
$295,001 - $393,000 7.9
$196,001 - $295,000 25.7
$98,001 - $196,000 47.9
$49,001 - $98,000 8.9
$0 - $49,000 4.4

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
41.4918551505918 51.9640852974186

Number Of Homes And Apartments:
12,229

Rent & Ownership

 

Average Market Rent:
$1,425 / 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

Poughkeepsie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
36.92% 1.84% 2 4
* 10 is highest