Queensbury, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Queensbury Neighborhoods Since 2000




Queensbury, 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

Queensbury Housing Market Information

With a population of 27,571, 2,132 total housing units (homes and apartments), and a median house value of $231,457, 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 -0.30% during the period.

Appreciation rates are so strong in Queensbury that despite a nationwide downturn in the housing market, Queensbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Queensbury appreciation rates continue to be some of the highest in America, at 6.76%, which is higher than appreciation rates in 79.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Queensbury. Queensbury appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.14%.

Importantly, this makes Queensbury one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that Queensbury's latest annual appreciation rate is higher 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 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:
$231,457

Queensbury, NY HOME PRICES

Value Range
> $1,058,000 1.4
$793,001 - $1,058,000 1.6
$529,001 - $793,000 3.1
$423,001 - $529,000 3.0
$317,001 - $423,000 12.3
$211,001 - $317,000 33.7
$106,001 - $211,000 34.5
$53,001 - $106,000 5.5
$0 - $53,000 4.8

High for NY
High for Nation

Value Relative to Nation Value Relative to State
25.5859603890777 39.1694725028058

Number Of Homes And Apartments:
2,132

Queensbury 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
68.95% 3.09% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,253 / 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