Queensbury, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Queensbury, NY Real Estate Data


Queensbury Housing Market Information

With a population of 27,571, 2,132 total housing units (homes and apartments), and a median house value of $226,828, Queensbury real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Queensbury, accounting for 69.26% of the town's housing units. Other types of housing that are prevalent in Queensbury include large apartment complexes or high rise apartments ( 10.89%), duplexes, homes converted to apartments or other small apartment buildings ( 9.72%), and a few mobile homes or trailers ( 5.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Queensbury. Owner-occupied housing accounts for 73.24% of Queensbury's homes, and 63.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Queensbury built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Queensbury built between 1940-1969 ( 27.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.68%). There's also some housing in Queensbury built before 1939 ( 5.87%).

Vacant housing appears to be an issue in Queensbury. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Queensbury homes and apartments can be a drag on the real estate market, holding Queensbury 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.

Queensbury Home Appreciation Rates

Real estate appreciation rates in Queensbury's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.

Over the last year, Queensbury appreciation rates have trailed the rest of the nation. In the last twelve months, Queensbury's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Queensbury were at 0.15%, which equates to an annual appreciation rate of 0.62%.

Relative to New York, our data show that Queensbury's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Queensbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Queensbury - 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 Queensbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$226,828

Queensbury, NY HOME PRICES

Value Range
> $1,037,000 0.7
$777,001 - $1,037,000 1.6
$518,001 - $777,000 3.1
$415,001 - $518,000 3.0
$311,001 - $415,000 12.3
$207,001 - $311,000 33.7
$104,001 - $207,000 34.5
$51,001 - $104,000 5.5
$0 - $51,000 4.8

High for NY
High for Nation

Value Relative to Nation Value Relative to State
26.0869565217391 39.5061728395062

Number Of Homes And Apartments:
2,132

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 73.24
Renters 26.76
Vacant 10.92

Housing Market Details

 

Age of Homes

AGE OF Queensbury HOMES
2000 or Newer 16.7
1970 - 1999 50.4
1940 - 1969 27.0
1939 or Older 5.9

Types of Homes

TYPE OF Queensbury HOMES
Single-Family 69.3
Townhomes 5.0
Small Apt. Buildings 9.7
Apt. Complexes 10.9
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Queensbury HOMES
No Bedroom 0.67
1 Bedroom 7.47
2 Bedrooms 25.69
3 Bedrooms 42.43
4 Bedrooms 20.69
5 or more bedrooms 3.05

Queensbury 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
65.58% 2.97% 7 8
* 10 is highest