Putnam Valley, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Putnam Valley Neighborhoods Since 2000




Putnam Valley, 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

Putnam Valley Housing Market Information

With a population of 11,698, 2,228 total housing units (homes and apartments), and a median house value of $368,289, real estate costs in Putnam Valley are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Putnam Valley, accounting for 92.41% of the town's housing units. Other types of housing that are prevalent in Putnam Valley include duplexes, homes converted to apartments or other small apartment buildings ( 4.86%), row houses and other attached homes ( 1.51%), and a few large apartment complexes or high rise apartments ( 1.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Putnam Valley. Owner-occupied housing accounts for 88.41% of Putnam Valley's homes, and 64.31% have either three or four bedrooms, which is average sized relative to America.

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. Putnam Valley's housing was primarily built during this period, from the '40s through the '60s. A full 39.97% of the town's housing hails from this era. Other housing ages represented in Putnam Valley include homes built between 1970-1999 ( 28.85%) and housing constructed before 1939 ( 23.21%). There's also some housing in Putnam Valley built between 2000 and later ( 7.97%).

Vacant housing appears to be an issue in Putnam Valley. Fully 16.16% of the housing stock is classified as vacant. Left unchecked, vacant Putnam Valley homes and apartments can be a drag on the real estate market, holding Putnam Valley 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.

Putnam Valley Home Appreciation Rates

Homes have actually lost value in Putnam Valley over the last then years, as home values have seen a decline of 26.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Putnam Valley home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Putnam Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Putnam Valley's appreciation rate has been 0.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Putnam Valley were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Putnam Valley's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$368,289

Putnam Valley, NY HOME PRICES

Value Range
> $1,004,000 0.2
$753,001 - $1,004,000 1.8
$502,001 - $753,000 22.7
$402,001 - $502,000 20.5
$301,001 - $402,000 25.3
$201,001 - $301,000 23.9
$100,001 - $201,000 3.5
$50,001 - $100,000 0.3
$0 - $50,000 1.7

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
10.9984765029884 26.4870931537598

Number Of Homes And Apartments:
2,228

Putnam Valley 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
25.52% 1.33% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,559 / per month

Homeownership Rate

Homeownership
Owners 88.41
Renters 11.59
Vacant 16.16

Housing Market Details

 

Age of Homes

AGE OF Putnam Valley HOMES
2000 or Newer 8.0
1970 - 1999 28.8
1940 - 1969 40.0
1939 or Older 23.2

Types of Homes

TYPE OF Putnam Valley HOMES
Single-Family 92.4
Townhomes 1.5
Small Apt. Buildings 4.9
Apt. Complexes 1.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Putnam Valley HOMES
No Bedroom 1.05
1 Bedroom 7.54
2 Bedrooms 21.82
3 Bedrooms 43.17
4 Bedrooms 21.13
5 or more bedrooms 5.28